Zscaler, Inc. (ZS) Q1 2025 Earnings Call Transcript

Zscaler, Inc. (NASDAQ:ZS) Q1 2025 Earnings Conference Call December 2, 2024 4:30 PM ET

Company Participants

Ashwin Kesireddy – Vice President, Investor Relations and Strategic Finance
Jay Chaudhry – Chairman and Chief Executive Officer
Remo Canessa – Chief Financial Officer

Conference Call Participants

Saket Kalia – Barclays
Andrew Nowinski – Wells Forgo
Gabriela Borges – Goldman Sachs
Brad Zelnick – Deutsche Bank
Mike Cikos – Needham
Ittai Kidron – Oppenheimer
Rob Owens – Piper Sandler
Brian Essex – JPMorgan
Joel Fishbein – Truist Securities
Fatima Boolani – Citigroup
Shrenik Kothari – Baird
Matt Hedberg – RBC Capital Markets
Roger Boyd – UBS

Operator

Good day, and thank you for standing by. Welcome to the Zscaler First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Ashwin Kesireddy, Vice President, Investor Relations and Strategic Finance. Please go ahead.

Ashwin Kesireddy

Good afternoon, everyone, and welcome to the Zscaler First Quarter Fiscal Year 2025 Earnings Conference Call. On the call with me today are Jay Chaudhry, Chairman and CEO; Remo Canessa, CFO. Please note, we have posted our earnings release and a supplemental financial schedule to our Investor Relations website. Unless otherwise noted, all numbers we talk about today will be on an adjusted non-GAAP basis. You will find the reconciliation of GAAP to the non-GAAP financial measures in our earnings release.

I’d like to remind you that today’s discussion will contain forward-looking statements, including, but not limited to the company’s anticipated future revenue, calculated billings, operating performance, gross margin, operating expenses, operating income, net income, free cash flow, dollar-based net retention rate, future hiring decisions, remaining performance obligations, income taxes, earnings per share, our objectives and outlook, our