Income from Operations and Operating Margin: GAAP income from operations for the second quarter was $177.6 million, compared to GAAP income from operations of $121.7 million in the second quarter of fiscal year 2023. Enterprise revenue was $659.5 million, up 10.2% year over year, and Online revenue was $479.2 million, down 4.3% year over year. After adjusting for foreign currency impact, revenue in constant currency was $1,148.9 million, up 4.5% year over year. Revenue: Total revenue for the second quarter was $1,138.7 million, up 3.6% year over year. Second Quarter Fiscal Year 2024 Financial Highlights: With this strong operating discipline, we grew operating cash flow by 31% year over year to $336 million.” “In addition to delivering innovation to our customers, in Q2 we delivered GAAP EPS of $0.59 and non-GAAP EPS of $1.34, both up meaningfully year over year. I’m also proud of the team for reinventing modern customer experiences with Zoom Virtual Agent and Zoom Contact Center, which surpassed 500 customers in Q2,” said Eric S. “Our mission of delivering limitless human connection remains core as we continue to innovate and expand our platform to help bring value and enhanced productivity to our customers with new AI features like Zoom IQ Meeting Summary and Team Chat Compose, as well as Intelligent Director. (NASDAQ: ZM), today announced financial results for the second fiscal quarter ended July 31, 2023. 21, 2023 (GLOBE NEWSWIRE) - Zoom Video Communications, Inc. Number of customers contributing more than $100,000 in trailing 12 months revenue up 17.8% year over year Second quarter operating cash flow of $336.0 million, up 30.6% year over year Second quarter GAAP operating margin of 15.6% and non-GAAP operating margin of 40.5% Second quarter Enterprise revenue of $659.5 million, up 10.2% year over year So still need to get their larger customer base up to snuff there, at least in terms of what the Street is thinking.Second quarter total revenue of $1,138.7 million, up 3.6% year over year as reported and 4.5% in constant currency And then customers contributing more than $100,000 in trailing 12 months revenue, 3,471. So that number coming in a little bit under expectations. But you take a look at some of their larger companies and the revenue they were expecting to get from them, and here's where the key metrics I'm looking at. They were Yahoo Finance's Company of the Year in 2020. JARED BLIKRE: Yeah, I think in the context- and yes, I remember when they were a pandemic darling. But certainly, the Street encouraged by these results. So new offerings doesn't seem to be offsetting all of that slowdown here. And it's really what- why it was so successful, the backbone of its business. So now Zoom, of course, has been under a little bit of pressure here to find those new offerings, to get those new offerings to offset some of the sales slowdown that we are seeing in its video business here. As more and more people were working from home, they were using Zoom's services. We saw this stock shoot higher during the pandemic. And remember, Zoom, I don't think we have to remind many of our viewers out there, but this was a pandemic darling. So some solid results in the most recent quarter.īut the guidance there, full-year profit guidance, Jared, one of the reasons that we're seeing this stock pop about 4 and 1/2% after hours. Taking a look at enterprise revenue, that's up 18% year over year to 636.1 million there. ![]() Adjusted EPS coming in at $1.22, blowing the Street's expectations out of the water of just about $0.80. But focusing on the fourth quarter results, revenue up 4% on a year-over-year basis to 1.12 billion.
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