Zoom stock has best day in almost two years on quarterly results, increased guidance

Core Insights - Zoom's shares experienced a significant increase of 13% to close at $68.04 following better-than-expected second-quarter results and an upward revision of its full-year guidance [1][2] Financial Performance - Revenue for the second quarter rose by 2.1% year-over-year to $1.16 billion, surpassing the average analyst estimate of $1.15 billion [2] - Adjusted earnings per share for the quarter were reported at $1.39, exceeding the average estimate of $1.21 [2] - Net income for the second quarter increased to $219 million, or 70 cents per share, compared to $182 million, or 59 cents per share, a year earlier [4] Future Guidance - For the full fiscal year, Zoom now anticipates revenue between $4.63 billion and $4.64 billion, slightly higher than the previous top-end estimate of $4.62 billion [2] Business Developments - The company has stabilized its operations by reducing customer churn and enhancing its contact center business, with CEO Eric Yuan noting the acquisition of its largest contact center customer to date in the second quarter [3] - CFO Kelly Steckelberg is set to leave the company after the third-quarter results, with an executive search firm engaged to find her replacement [4]