Zoom

Zoom (NASDAQ:ZM)  Sees FY24 Adj. EPS $4.63-$4.67 vs $4.30 Est., Total Revenue $4.485B-$4.495B vs $4.48B Est.

Zoom Video (NASDAQ:ZM)  Guides For Q3 EPS of $1.07-$1.09 on Revenue of $1.15-$1.12 Billion, Vs CIQ Analyst Consensus of $1.03/Share on Revenue of $1.12 Billion。

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.

Zoom Video Communications Inc (NASDAQ:ZM) said it expects third-quarter revenue to be between $1.115 billion and $1.12 billion versus estimates of $1.13 billion. The company expects third-quarter earnings to be between $1.07 and $1.09 per share versus estimates of $1.03 per share. Full-year revenue is expected to be between $4.485 billion and $4.495 billion versus estimates of $4.48 billion. Full-year earnings are expected to be between $4.63 and $4.67 per share versus estimates of $4.30 per share.

February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, update Financial Outlook The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS and revenue of $3.67 and $4.63 billion, respectively. Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2024 and its full fiscal year 2024. First Quarter Fiscal Year 2024: Total revenue is expected to be between $1.080 billion and $1.085 billion and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP

February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ:ZM), a leading provider of video-first unified communications, today announced financial results for the fourth quarter and fiscal year ended January 31, 2023. Zoom Video Communications (ZM) reported fiscal Q4 adjusted earnings late Monday of $1.22, down from $1.29 a year earlier. Analysts polled by Capital IQ forecast $0.82. Revenue for the quarter ended Jan. 31 was $1.12 billion, up from $1.07 billion a year earlier. Analysts surveyed by Capital IQ projected $1.10 billion. The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS

Zoom (NASDAQ:ZM) CEO Yuan Zheng said on a blog post that the company will cut about 1,300 jobs as part of the restructuring. Yuan Zheng said he was responsible for the company’s problems, and he would cut his salary and give up bonuses.