Zoom Video Communications (ZM) closed the most recent trading day at $68.18, moving -0.19% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.75%.The video-conferencing company's shares have seen a decrease of 4.17% over the last month, not keeping up with the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 3.4%.Investors will be eagerly watching for the p ...

Just about every company on Earth pushed to incorporate artificial intelligence into their operations and products in 2023. Indeed, AI is driving massive increases in productivity for knowledge workers around the world. And one company is poised to see a huge benefit as businesses push to make their employees more efficient.Zoom Video Communications (ZM 0.09%) has built out several AI features to help remote workers -- everyone from salespeople to software engineers -- use their time more effectively. And A ...

alexsl Zoom’s (NASDAQ:ZM) business, although performing with slow momentum, continues to outpace investor expectations. For FY 2024, Zoom management now expects to generate about $4,495 billion in sales and $1,743 billion in operating earnings. And while the new calendar year is unlikely to bring a pivot in Zoom’s organic growth trajectory, there is little indication that suggests contracting fundamentals. On that note, I view Zoom’s EV/EBIT multiple of <9x as a "no-brainer" buying opportunity. I reiter ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Barclays Global Technology Conference December 6, 2023 1:25 PM ET Company Participants Kelly Steckelberg - CFO Conference Call Participants Pete Newton - Barclays Pete Newton Awesome. Good morning, everybody. And thank you for coming to the Barclays TMT Global Tech Conference. Happy to be here today. My name is Pete Newton. Obviously, I'm not Ryan MacWilliams. Ryan just gave birth or his wife just gave birth or their first job. So, if you see him, congrats. If you ...

Summary of Zoom Video Communications, Inc. Conference Call Company Overview - **Company**: Zoom Video Communications, Inc. (NASDAQ: ZM) - **Event**: 2023 Wells Fargo TMT Summit - **Date**: November 29, 2023 - **Participants**: Kelly Steckelberg (CFO), Michael Turrin (Wells Fargo) Key Points Industry and Product Developments - **AI Integration**: Zoom AI companion launched with over 200,000 activated accounts and 3 million meeting summaries issued, included at no additional cost for paying customers [3][4] - **Zoom Doc**: Introduction of productivity tools with AI integration, marking a significant step in enhancing document functionalities [4] - **Zoom Phone**: Surpassed 7 million seats, contributing over 10% to revenue, with significant adoption among Fortune 10 customers and a recent license to operate in India [7][8] - **Contact Center Growth**: Currently has 700 customers, with ongoing enhancements to features like email and social media integration, and a focus on PCI compliance [11][12][13] Financial Performance and Strategy - **Gross Margins**: Historically above 80%, currently around 80%, with Zoom Phone having slightly lower margins due to transport costs, while the contact center has higher margins due to its pricing [16][18] - **Operating Margins**: Reported at 39% in Q3, with a strategic reduction in workforce by 15% to manage operating costs [20][19] - **Investment Focus**: Plans to invest in sales capacity, channel programs, and R&D, particularly in AI and productivity tools [21][22] Customer Engagement and Market Position - **Customer Retention**: Notable growth in customers using the Zoom One bundle, which increased by 330% year-over-year, indicating strong retention and upsell potential [43] - **Online Business Stabilization**: Monthly churn rate improved to 3.0%, with ongoing price increases across various product tiers to enhance revenue [36][38] - **Enterprise Segment**: Anticipated slight decline in expansion rates due to macroeconomic factors, but long-term contracts are growing, positioning the company for future growth [42][44] Capital Allocation and M&A Strategy - **Cash Reserves**: Company holds $6.5 billion in cash, with a focus on organic and inorganic growth opportunities [46] - **M&A Considerations**: Emphasis on customer experience, cultural fit, and valuation when considering acquisitions, with a preference for smaller tech and talent acquisitions [48][49] Future Outlook - **Growth Drivers**: Anticipated growth from Zoom Phone, Zoom Contact Center, and international expansion, with a focus on stabilizing and growing the international market [55][56] - **Product Portfolio Expansion**: Continuous innovation in product offerings, including Zoom Events and asynchronous video communication tools, to enhance user engagement [55] Additional Insights - **AI Strategy**: Federated approach to AI, leveraging multiple partners to enhance performance and reduce dependency on a single provider [24][25] - **Customer Feedback**: Positive reception of AI features, particularly meeting summaries, which have improved significantly in quality [26][27] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Zoom's focus on innovation, customer retention, and financial management in a competitive landscape.

Zoom Video Communications, Inc. (NASDAQ:ZM) 2023 UBS Global Technology Conference Call November 28, 2023 12:55 PM ET Company Participants Kelly Steckelberg - Chief Executive Officer Conference Call Participants Karl Keirstead - UBS Taylor McGinnis - UBS Karl Keirstead Okay, great. Let’s get started on. I'm Karl Keirstead. Thank you, Kelly and Charles and the Zoom team, for participating in our event. And I was just mentioning to Kelly, because Zoom's revenue mix is shifting a little bit more to the phone an ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Q3 2024 Earnings Conference Call November 20, 2023 5:00 PM ET Company Participants Tom McCallum - Head of IR Eric Yuan - Founder & CEO Kelly Steckelberg - CFO Conference Call Participants Ryan MacWilliams - Barclays Meta Marshall - Morgan Stanley Kasthuri Rangan - Goldman Sachs Michael Turrin - Wells Fargo Securities Michael Funk - Bank of America Karl Keirstead - UBS George Iwanyc - Oppenheimer Peter Levine - Evercore ISI Patrick Walravens - JMP Securities Arjun ...

Statement Use of financial → © 2023 Zoom Video Communications, Inc. 2 → Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" and elsewhere in our most recent filings with the Securities and Exchange Commission (the "SEC"), including our quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2023. Forward-looking statements speak only as of the d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-Q ___________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Zoomtopia Investor Q&A Call October 3, 2023 3:00 PM ET Company Participants Tom McCallum - Head of Investor Relations Wendy Bergh - General Manager, Online Business Mahesh Ram - Head of AI Applications Kelly Steckelberg - Chief Financial Officer Conference Call Participants Siti Panigrahi - Mizuho Securities Michael Turrin - Wells Fargo Matthew VanVliet - BTIG Will Power - Baird Peter Levine - Evercore Ryan Koontz - Needham Pete Newton - Barclays Pat Walravens - J ...