ZeroFox Holdings, Inc. (NASDAQ:ZFOX) Q2 2024 Earnings Conference Call September 6, 2023 8:00 AM ET

Company Participants

Todd Weller - VP of IR

James Foster - Founder, CEO and Chairman

Tim Bender - CFO

Conference Call Participants

Joseph Gallo - Jefferies

Brad Reback - Stifel

Yi Fu Lee - Cantor Fitzgerald

Jonathan Ruykhaver - Cantor Fitzgerald

Operator

Thank you for standing by, and welcome to the ZeroFox Fiscal Second Quarter 2024 Results Conference Call. [Operator Instructions] As a reminder, today's call is being recorded.

I would like to turn the conference call over to Todd Weller, Vice President of Investor Relations for ZeroFox.

Todd Weller

Thanks, operator. Good morning, and thank you for joining us today to review ZeroFox's fiscal second quarter 2024 financial results. With me on the call today are Foster, our Founder, Chief Executive Officer and Chairman; and Tim Bender, our CFO. By now, everyone should have access to our earnings press release. This press release as well as supplemental financial information can be found on our Investor Relations website.

During this call, we may make forward-looking statements, including statements related to our anticipated financial results, growth opportunities in external cybersecurity, our progress to achieving profitability and expected benefits from our acquisitions of IDX and LookingGlass. These statements are not guarantees of future performance, but rather are subject to a variety of risks and uncertainties. Actual results could differ materially from expectations reflected in any forward-looking statements. Please review our earnings press release and recent SEC filings, description of these material risks and uncertainties.

Forward-looking statements made today speak only to our expectations as of today. and we undertake no obligation to publicly update or revise them. Additionally, non-GAAP financial measures will be discussed on this conference call. Please refer to the tables in our earnings release and the Investor Relations portion of our website for a reconciliation of these measures to their most directly comparable GAAP financial measure.

With that, I'd like to turn the call over to our CEO, Foster.

James Foster

Thanks, Todd. Good morning, everyone.

Last month marked our one-year anniversary as a public company and Q2 was another record quarter for ZeroFox, where we achieved several major milestones. We delivered strong revenue growth, record ARR, recognized an acceleration on our large customer adoption and generated positive free cash flow for the first time. Furthermore, we announced that we beat our guidance, and we'll raise expectations for the second half of the year. Our ability to consistently deliver results is a direct reflection of our team's discipline, our relentless focus on the customer and our platform's ability to scale with the ever-growing external cybersecurity challenge.