5 Fastest growing B2B SaaS Companies

1. Zscaler, Inc (NASDAQ:ZS)

Year over year growth rate 2023: 44.58%

Zscaler, Inc. (NASDAQ:ZS) stands out as a cloud security trailblazer, offering a platform that integrates essential security functionalities to facilitate access to cloud resources based on identity, context, and organizational policies. The company’s solution is a purpose-built, multi-tenant, distributed cloud platform that encompasses the necessary security features. This platform enables users, applications, and devices to access authorized applications and services in alignment with an organization’s business policies.

In the twelve months ending October 31, 2023, Zscaler (NASDAQ:ZS) reported an impressive revenue of $1.76 billion, showcasing a remarkable 44.58% year-over-year growth. This positive trajectory persisted in the quarter ending October 31, 2023, with revenue reaching $496.70 million and a commendable 39.70% year-over-year growth. Zscaler’s notable financial performance underscores its pivotal role in providing robust cloud security solutions, aligning with the evolving needs of organizations in a digitally-driven landscape.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 10 Profitable SaaS Companies for 2023 and 10 Best Social Media Platforms For eCommerce.