Zoom (ZM) Q4 Earnings Beat, Customer Growth Drives Revenues

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. ...