Thread of quarterly net new ARR from software companies
Thread of quarterly net new ARR from software companies who reported this week. Sometimes companies report ARR, other times I'm multiplying quarterly subscription rev x 4
1.Snowflake $Snowflake(SNOW)$
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2.Zoom $Zoom(ZM)$
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3.Workday $Workday(WDAY)$
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4.Zuora $Zuora(ZUO)$
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5.Zscaler $Zscaler Inc.(ZS)$
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6.Veeva $Veeva(VEEV)$
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7.Elastic $Elastic N.V.(ESTC)$
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Zscaler quarter:
- $525m rev (+35% YoY) vs $506m consensus (4% beat)
- $535m next Q guidance vs $530m consensus (1% beat)
- 117% DBNR
- 36 months GM adj. CAC payback
- 78% GM
- 19% FCF Margin
Quarterly net new ARR trends below
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YoY growth in quarterly net new ARR added
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https://twitter.com/jaminball/status/1763339079780016503
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