Zoom Video (NASDAQ:ZM) Fiscal Q2 Adjusted Earnings, Revenue Advance; Ups Fiscal 2024 Outlook

Zoom Video Communications (NASDAQ:ZM)  reported fiscal Q2 non-GAAP net income late Monday of $1.34 per diluted share, up from $1.05 a year earlier.

Analysts polled by Capital IQ expected $1.06.

Revenue for the quarter ended July 31 was $1.14 billion, up from $1.10 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.11 billion.

The video-conferencing company said it expects fiscal Q3 non-GAAP EPS of $1.07 to $1.09 on revenue of between $1.115 billion and $1.120 billion. Analysts are looking for $1.03 and $1.12 billion, respectively.

The company said it now expects fiscal 2024 non-GAAP EPS of $4.63 to $4.67 on revenue of $4.485 billion to $4.495 billion. The company previously guided for non-GAAP EPS of $4.25 to $4.31 and revenue of $4.465 billion to $4.485 billion. Analysts are expecting $4.32 and $4.48 billion, respectively.

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