Zscaler Inc (NASDAQ:ZS) Q4 2020 Earnings Conference Call - Final Transcript

Sep 09, 2020 • 04:30 pm ET

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Zscaler Inc (NASDAQ:ZS) Q4 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Zscaler Fiscal Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to Mr. Bill Choi, Senior Vice President of Investor Relations. Thank you. Please go ahead, sir.

Executive
Bill Choi

Good afternoon, everyone, and welcome to the Zscaler fiscal fourth quarter and full year 2020 earnings conference call. On the call with me today are, Jay Chaudhry, Chairman and CEO; and Remo Canessa, CFO. Please note that 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. For historical periods, the GAAP to the non-GAAP reconciliations can be found in the supplemental financial information. Starting in fiscal '21, we will be excluding stock-based compensation related payroll taxes from our non-GAAP results. We have provided a separate table in the supplemental schedule with historical data for the last eight quarters.

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, remaining performance obligations, income taxes and earnings per share. These statements and other comments are not guarantees of future performance but rather are subject to risk and uncertainty, some of which are beyond our control, including but not limited to the duration and impact of COVID-19 on our business, the global economy and the respective businesses of our customers, vendors and partners.

These forward-looking statements apply as of today and you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. For a more complete discussion of the risks and uncertainties, please see our filings with the SEC as well as in today's earnings release.

I would also like to inform you that management will be attending the following upcoming virtual investor conferences. Citi Global Technology Conference, tomorrow. Deutsche Bank Technology Conference on September 15. Morningstar Management Behind the Moat Conference on September 29. Presentations for these events will be webcast and the links will be available on our Investor Relations website.

Now, I'll turn the call over to Jay.

Executive
Jay Chaudhry

Thank you, Bill, and thank you for joining us. I hope all of you and your families are staying healthy and safe. With the ongoing pandemic, I would like to acknowledge the tireless efforts of our team and partners who are committed to our customer success. I'm pleased to report our strong results for the fiscal fourth quarter and the full year 2020, with exceptional growth in