ZS results out and stock down 15%

They commented in last qtr’s CC: • next quarter we’ll have a difficult comparison with a large public sector deal that closed in Q4, 2018. This deal added $16.5 million to billings and $26 million the backlog in the July quarter, which will pose a difficult year-over-year comparison in Q4.

So if we normalize the billings, the growing rate is close to 60% YOY. That’s $125.8/((95.4-16.5)

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