Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2024 Earnings Conference Call February 26, 2024 5:00 PM ET Company Participants Tom McCallum - Head of IR Eric Yuan - Founder & CEO Kelly Steckelberg - CFO Conference Call Participants William Power - Robert Baird Meta Marshall - Morgan Stanley Ethan Bruck - Wolfe Research Tyler Radke - Citigroup Tom Blakey - KeyBanc James Fish - Piper Sandler Matthew VanVliet - BTIG Siti Panigrahi - Mizuho Arjun Bhatia - William Blair Imtiaz Koujalgi - Wedbush Securities Matth ...

Zoom Video Communications (ZM -0.44%) stock gained 10.4% in Monday's after-hours trading following the cloud-based communications company's release of its results for the fourth quarter of fiscal 2024 (ended Jan. 31).The stock's rise is largely attributable to the quarter's revenue and earnings exceeding Wall Street's consensus estimates, with bottom-line guidance for both the first quarter and full year of fiscal 2025 coming in higher than analysts had been expecting. The company's powerful cash flows and ...

Key TakeawaysZoom Video shares jumped in extended-hours trading Monday after the company topped analysts' quarterly estimates and issued better-than-expected current-quarter and full-year earnings guidance amid growing demand for its expanding AI-enhanced product range.The company authorized a buyback of up to $1.5 billion of its outstanding Class A common shares.The Zoom Video share price may encounter resistance around $74.50 from the top trendline of a 10 month trading range.Zoom Video (ZM) shares jumped ...

For the quarter ended January 2024, Zoom Video Communications (ZM) reported revenue of $1.15 billion, up 2.6% over the same period last year. EPS came in at $1.42, compared to $1.22 in the year-ago quarter.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $1.15, the EPS surprise was +23.48%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Eric Yuan, founder and chief executive officer of Zoom Video Communications, stands before the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York on April 18, 2019.Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts' expectations.Here's how the company did, compared with consensus among analysts polled by LSEG:Earnings per share: $1.22, adjusted vs. $1.15 ex ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Zoom Video Communications Inc (NASDAQ: ZM) is trading up in extended hours on Monday after reporting upbeat results for its fiscal fourth quarter.Zoom stock pops on solid guidanceCopy link to sectionThe stock is being rewarded also because the management issued encouraging guidance for the future. Zoom now forecasts its revenue to come in at $1.125 billion. That’s roughly in line with $1.13 billion that analysts had called for. Eric Yuan – the chief executive of Zoom Video Communications said in a press re ...

Zoom Video Communications, Inc ZM was trading near flat on Monday, as the company headed into its fourth-quarter earnings print after the market close.When Zoom printed its third-quarter results on Nov. 20, the stock was highly volatile the following day, sliding over 4% lower at one point before closing the trading session flat. The stock then continued in its uptrend, which brought Zoom to a high of $74.77 on Dec. 27.For that quarter, Zoom reported revenue of $1.137 billion, which slightly beat the $ 1.12 ...

Revenue Performance - Fourth quarter total revenue was $1,146.5 million, up 2.6% year over year; full fiscal year total revenue was $4,527.2 million, up 3.1% year over year[6] - Enterprise revenue for the fourth quarter was $667.3 million, up 4.9% year over year; full fiscal year Enterprise revenue was $2,619.3 million, up 8.7% year over year[6] - Revenue for the three months ended January 31, 2024, was $1,146,457 thousand, a 2.9% increase from $1,117,803 thousand in the same period of 2023[34] - GAAP revenue for the three months ended January 31, 2024, was $1,146,457, representing a year-over-year growth of 2.6%[39] - Full fiscal year 2025 total revenue is expected to be approximately $4.600 billion, with non-GAAP income from operations expected between $1.720 billion and $1.730 billion[14] Profitability - Non-GAAP net income for the fourth quarter was $444.0 million, or $1.42 per share, compared to $366.6 million, or $1.22 per share in the same quarter last year[5] - Full fiscal year non-GAAP net income was $1,608.0 million, or $5.21 per share, up from $1,329.0 million, or $4.37 per share in fiscal year 2023[9] - Net income for the three months ended January 31, 2024, was $298,832 thousand, compared to a net loss of $104,050 thousand in the same period of 2023[34] - Non-GAAP income from operations for the three months ended January 31, 2024, was $443,749, up from $404,832 in the same period of 2023[38] - Non-GAAP net income for the three months ended January 31, 2024, was $443,971, compared to $366,554 in the same period of 2023[38] Cash Flow and Liquidity - Operating cash flow for the fourth quarter was $351.2 million, up 66.0% year over year; full fiscal year operating cash flow was $1,598.8 million, up 23.9% year over year[6] - Cash flows from operating activities for the year ended January 31, 2024, totaled $1,598,836, an increase from $1,290,262 in the previous year[36] - Free cash flow (non-GAAP) for the year ended January 31, 2024, was $1,471,883, compared to $1,186,436 for the previous year[38] - Cash and cash equivalents increased to $1,558,252 thousand as of January 31, 2024, from $1,086,830 thousand as of January 31, 2023, indicating improved liquidity[32] - The company experienced a net cash increase of $67,253 for the three months ended January 31, 2024, compared to a decrease of $5,845 in the same period of 2023[36] Customer Metrics - Zoom had approximately 220,400 Enterprise customers at the end of the fourth quarter, up 3.5% year over year[14] - The trailing 12-month net dollar expansion rate for Enterprise customers was 101%[14] - The net dollar expansion rate is calculated based on the annual recurring revenue (ARR) from Enterprise customers, which reflects the growth in existing customer accounts[28] - The online average monthly churn rate is calculated based on the monthly recurring revenue (MRR) from Online customers, providing insights into customer retention[29] Strategic Investments and Stock Repurchase - Zoom's Board of Directors authorized a stock repurchase program of up to $1.5 billion of its outstanding Class A common stock[15] - The strategic investments increased to $409,222 thousand as of January 31, 2024, compared to $398,992 thousand as of January 31, 2023, indicating ongoing investment in growth opportunities[32] Balance Sheet Highlights - The total current assets increased to $7,926,219 thousand as of January 31, 2024, from $6,356,412 thousand as of January 31, 2023, representing an increase of 24.7%[32] - Total liabilities decreased slightly to $1,910,387 thousand as of January 31, 2024, from $1,921,458 thousand as of January 31, 2023[32] Operating Margins - The company reported a GAAP operating margin of 14.7% for the three months ended January 31, 2024, compared to a negative margin of 11.6% in the same period of 2023[38] - The company reported a non-GAAP operating margin of 38.7% for the three months ended January 31, 2024, up from 36.2% in the same period of 2023[38]

Zoom Video Communications (ZM) closed the most recent trading day at $61.35, moving +0.05% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 0.32%.Shares of the video-conferencing company witnessed a loss of 11.94% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.15% and the S&P 500's gain of 2.99%.Investors will be eagerly watchin ...