2020 is emerging as the pivotal year, with a new generation of tech leaders breaking off from the pack with scaling revenue growth. Accelerating digital transformation is driving record growth, in the cloud, big data, and digital connectivity.
“...In Q4, we delivered growth of 46% in revenue, and 55% in billings, reflecting the increased momentum in our business as our customers accelerate the digital transformation, despite the macroeconomic challenges. We offer customers a cloud native platform, which we call the Zscaler Zero Trust Exchange, securely connecting users to applications or applications to applications in a borderless and hyper connected digital world. In the new work from anywhere economy where applications are moving to the cloud and users are outside of corporate network, traditional network and network security have become irrelevant. We ensure that businesses can operate at any scale with users anywhere in the world on any device, independent of the network. ...As I reflect on the past 12 months, culminating in our strong Q4 performance, I view fiscal ‘20 as a pivotal year in which we made tremendous progress on a number of strategic fronts to position us well for long-term growth.
“...We further refined our metric driven, repeatable sales process, which is giving us deep visibility into our business, and a strong and growing pipeline. We invested heavily this year to build a sales machine that we believe can demonstrate our compelling value to enterprises, drive larger deals, and deliver consistent sales execution to take
Today NEXCF reported a record
In a recent presentation at
Watch NEXT SUPER STOCK (OTC: NEXCF) Livestream: https://bit.ly/35ZOw9j
Watch NEXT SUPER STOCK (OTC: NEXCF) Livestream: https://bit.ly/35ZOw9j
CLICK HERE TO JOIN Wall Street Reporter’s NEXT SUPER STOCK Livestream: https://bit.ly/2PX0SpH
“...As remote work trends have accelerated during the pandemic, organizations have moved beyond addressing immediate business continuity needs to actively redefine and embracing new approaches to support a future of working anywhere, learning anywhere, and connecting anywhere. And we continued to see meaningful adoption of Zoom's video-first unified communication platform across industries and geographies. Let me share with you just a few key metrics that reflect this: Revenue grew 355% year over year in Q2...Customers with more than 10 employees grew 458% year over year as new customers chose Zoom to be their preferred communication and collaboration solutions.”
Zoom (NASDAQ:ZM) Earnings Call Highlights: https://bit.ly/2QJHmND
“...What I’m most excited about is accelerating growth in new paid customers. This is the fundamental driver of the entire business, from compounding expansion on the self-serve side to the most valuable source of enterprise pipeline...Net new paid customer adds grew at a faster rate in June and July compared to April and May. That trend continued in August, even after the typical vacation-related slowdown for the month, indicating that paid customer additions are potentially finding a new baseline rate.”
We attribute part of the uptick to the “work from home” driven increase in the importance of the category, but we believe an even bigger portion of the impact comes from incremental product drivers. Those are first, continued improvements to the self-serve experience for new team creators and joiners, leading to more successful teams; second, improvements to paid conversion driven primarily by new trial offers; and third, the emergence of inter-company collaboration as a new path into the product via Slack Connect...where we’re seeing the emergence of a genuine network effect which is already impacting new customer acquisition.”
The core product experience improves every quarter, with a particular emphasis on simplifying and removing friction from the process of creating or joining a new team. Our focus in this area has delivered results. Small changes create compounding tailwinds. We continue to invest here and expect Slack to get better and more obvious for new teams each quarter, driving increased yield from our self-service funnel….It’s worth noting that the full impact of this growth will show up over time. Historically, it has taken new cohorts of paid teams several years to hit their peak revenue contribution. We expect the strength you saw in Q2 to materialize in a more pronounced way at the end of this year and into the next.”
Slack (NYSE:WORK) Earnings Call Highlights: https://bit.ly/3hXx0oG
About
About Wall Street Reporter’s “Next Super Stock” conference:
Click here to join the next livestream: https://bit.ly/2PX0SpH
CONTACT:
WALL STREET REPORTER
(212) 871-2057 ext 7
www.WallStreetReporter.com
Source:
2020 GlobeNewswire, Inc., source