Core Insights - Zoom Video Communications reported $1.18 billion in revenue for the quarter ended October 2024, a year-over-year increase of 3.6% [1] - The EPS for the same period was $1.38, compared to $1.29 a year ago, with a surprise of +5.34% against the consensus estimate of $1.31 [1] Financial Performance Metrics - The number of enterprise customers was 192,400, slightly below the average estimate of 196,459 [3] - Customers generating over $100K in TTM revenue totaled 3,995, compared to the average estimate of 4,042 [3] - Remaining Performance Obligations (RPO) stood at $3.74 billion, slightly below the estimated $3.76 billion [3] - Current RPO was reported at $2.28 billion, exceeding the average estimate of $2.19 billion [3] - Non-Current RPO was $1.46 billion, below the average estimate of $1.55 billion [3] Stock Performance - Shares of Zoom Video have returned +18.2% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]
Zoom Video (ZM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates