[Q1 FY2025 Financial Performance and Outlook](index=1&type=section&id=Zoom%20Video%20Communications%20Reports%20Financial%20Results%20for%20the%20First%20Quarter%20of%20Fiscal%20Year%202025) This section provides an overview of Zoom's financial performance in Q1 FY2025 and its outlook for the remainder of fiscal year 2025 [Q1 FY2025 Financial Highlights](index=1&type=section&id=First%20Quarter%20Fiscal%20Year%202025%20Financial%20Highlights) Zoom reported strong Q1 FY2025 results with $1.14 billion revenue, significant profitability, and robust cash flow driven by AI innovations - CEO Eric S. Yuan attributes the strong performance to the integration of AI across the platform, including Zoom Contact Center and Zoom Workplace, which has streamlined communications and improved productivity[3](index=3&type=chunk) Q1 FY2025 Key Financial Metrics (YoY) | Metric | Q1 FY2025 | YoY Change | | :--- | :--- | :--- | | Total Revenue | $1,141.2 million | +3.2% | | Enterprise Revenue | $665.7 million | +5.3% | | Online Revenue | $475.5 million | Flat | | GAAP Operating Margin | 17.8% | Up from 0.9% | | Non-GAAP Operating Margin | 40.0% | Up from 38.2% | | Non-GAAP Net Income per Share | $1.35 | Up from $1.16 | | Operating Cash Flow | $588.2 million | +40.6% | | Free Cash Flow | $569.7 million | +43.6% | - The company repurchased approximately **2.4 million** shares of common stock during the quarter[6](index=6&type=chunk) [Q1 FY2025 Customer Metrics](index=1&type=section&id=Customer%20Metrics) Zoom's customer base grew, with an 8.5% increase in large customers and a 99% Enterprise net dollar expansion rate - The number of customers contributing more than **$100,000** in trailing 12 months revenue grew to **3,883**, an increase of approximately **8.5% YoY**[7](index=7&type=chunk) - The company had approximately **191,000 Enterprise customers**, with about **26,800** smaller Enterprise customers transitioned to the Online channel without material revenue impact[7](index=7&type=chunk)[8](index=8&type=chunk) Key Customer Operating Metrics | Metric | Q1 FY2025 | YoY Change | | :--- | :--- | :--- | | Enterprise Net Dollar Expansion Rate (TTM) | 99% | Not specified | | Online Average Monthly Churn | 3.2% | Up 10 bps | [FY2025 Financial Outlook](index=2&type=section&id=Financial%20Outlook) Zoom projects FY2025 total revenue between $4.61 billion and $4.62 billion, with non-GAAP diluted EPS of $4.99 to $5.02 Q2 Fiscal Year 2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $1.145 billion - $1.150 billion | | Non-GAAP Income from Operations | $415.0 million - $420.0 million | | Non-GAAP Diluted EPS | $1.20 - $1.21 | Full Fiscal Year 2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $4.610 billion - $4.620 billion | | Non-GAAP Income from Operations | $1.740 billion - $1.750 billion | | Non-GAAP Diluted EPS | $4.99 - $5.02 | - The financial outlook does not include the impact from the remaining **$1.35 billion** authorized for share repurchases as of April 30, 2024[10](index=10&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements present Zoom's strong financial position, including $7.4 billion in cash and robust operating cash flow [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet highlights Zoom's strong liquidity with over $7.3 billion in cash and marketable securities Balance Sheet Summary (as of April 30, 2024) | Account | Amount (in thousands) | | :--- | :--- | | **Assets** | | | Cash, cash equivalents, and marketable securities | $7,374,340 | | Total current assets | $8,282,045 | | Total assets | $10,296,630 | | **Liabilities & Equity** | | | Total current liabilities | $1,855,901 | | Total liabilities | $1,997,806 | | Total stockholders' equity | $8,298,824 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The income statement shows Q1 FY2025 revenue of $1.14 billion and GAAP net income of $216.3 million Income Statement Summary (for the three months ended April 30, 2024) | Account | Amount (in thousands) | | :--- | :--- | | Revenue | $1,141,234 | | Gross Profit | $867,932 | | Income from operations | $203,022 | | Net income | $216,308 | | Diluted net income per share | $0.69 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The cash flow statement indicates robust operating cash flow of $588.2 million for the quarter Cash Flow Summary (for the three months ended April 30, 2024) | Activity | Amount (in thousands) | | :--- | :--- | | Net cash provided by operating activities | $588,191 | | Net cash used in investing activities | $(107,824) | | Net cash (used in) financing activities | $(142,451) | | Net increase in cash, cash equivalents, and restricted cash | $331,064 | [Reconciliation of GAAP to Non-GAAP Measures](index=8&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) Non-GAAP adjustments for Q1 FY2025, primarily stock-based compensation, resulted in higher operating income and net income Key GAAP to Non-GAAP Reconciliations (Q1 FY2025, in thousands) | Reconciliation | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | **Income from Operations** | $203,022 | $253,575 | $456,597 | | **Net Income** | $216,308 | $210,010 | $426,318 | | **Free Cash Flow** | | | | | Net cash from operating activities | $588,191 | | | | Less: Purchases of property and equipment | ($18,508) | | | | Free cash flow | | | $569,683 | - The largest adjustment in reconciling GAAP to non-GAAP income is stock-based compensation expense and related payroll taxes, totaling **$242.9 million** for the quarter[35](index=35&type=chunk)

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the first fiscal quarter ended April 30, 2024. "In Q1, we continued to integrate AI across our platform including Zoom Contact Center and Zoom Workplace, our AI-powered collaboration platform that provides customers the ability to reimagine teamwork by streamlining communications, increasing employee engagement, and improving productivity within their organizations," said Er ...

Zoom Communications (NASDAQ: ZM) stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to $19 billion from a peak of $182 billion. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Zoom Communications earnings ahead Copy link to section Zoom, a company whose name became a verb, has fallen from grace as demand for virtual meetings faded and as ...

The upcoming report from Zoom Video Communications (ZM) is expected to reveal quarterly earnings of $1.19 per share, indicating an increase of 2.6% compared to the year-ago period. Analysts forecast revenues of $1.13 billion, representing an increase of 1.8% year over year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. B ...

Zoom Video Communications, Inc. (ZM) announced that its Workvivo has been chosen as Meta Platforms' (META) preferred migration partner for META's customers as the latter discontinues the Workplace platform. Meta is shutting down Workplace, its employee engagement platform, and turning to Workvivo in order to assist customers during the transition. These two platforms are committed to facilitating a smooth transition and offering tools for customers migrating to Workvivo. Notably, ZM's Workvivo is set to pro ...

In the latest market close, Zoom Video Communications (ZM) reached $63.53, with a +0.67% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.48% for the day. On the other hand, the Dow registered a gain of 0.32%, and the technology-centric Nasdaq increased by 0.75%. Shares of the video-conferencing company witnessed a gain of 4.76% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.47% and the S&P 500's ga ...

SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Today, Workvivo by Zoom was named Meta's only preferred migration partner for its customers as it retires Workplace from Meta. Meta is discontinuing Workplace from Meta – its employee engagement platform. To assist with customer transitions, Meta will partner with Workvivo as its only preferred migration partner. Workplace from Meta and Workvivo plan to provide migration tools for customers migrating to Workvivo and Workvivo will also offer additional imple ...

Zoom Video Communications (ZM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this video-conferencing company have returned +0.6%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Internet - Software industry, which Zoom Video falls in, has lost 5.7%. The key question now is: What could be the sto ...

Zoom Video Communications (ZM) closed at $62 in the latest trading session, marking a +1.57% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 2.03%.Prior to today's trading, shares of the video-conferencing company had lost 6.62% over the past month. This has lagged the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15% in that time.The investment community w ...

Zoom Video Communications (ZM) closed the most recent trading day at $61.04, moving -0.99% from the previous trading session. This change lagged the S&P 500's daily loss of 0.46%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 0.64%.The the stock of video-conferencing company has fallen by 7.46% in the past month, lagging the Computer and Technology sector's loss of 5.01% and the S&P 500's loss of 3.04%.The investment community will be closely monitorin ...