Zoom’s (ZM) fourth-quarter fiscal 2024 adjusted earnings of $1.42 per share beat the Zacks Consensus Estimate by 23.48% and increased 16.4% year over year.Revenues of $1.15 billion beat the consensus mark by 1.57% and increased 2.6% year over year on strong growth from Enterprise customers.Quarter DetailsRevenues from Enterprise customers rose 4.9% year over year to $667.3 million and represented 58.2% of total revenues. Customers contributing more than $100,000 in revenues in the trailing 12 months grew 9. ...

Free Cash Flow1 (in Millions) © 2024 Zoom Video Communications, Inc. 13 © 2024 Zoom Video Communications, Inc. 14 15 | --- | --- | --- | --- | --- | |----------------------------------------------------------------|------------|------------|------------|------------| | ($ in Thousands) \nGross Profit | Q4 FY23 | Q4 FY24 | FY23 | FY24 | | Total Revenue | $1,117,803 | $1,146,457 | $4,392,960 | $4,527,224 | | GAAP Gross Profit | $823,449 | $870,150 | $3,292,509 | $3,449,423 | | (+) Stock-based compensation exp ...

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 ...