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    Zoom (ZM) Revenues Q3 2022

    Zoom CEO Eric Yuan toasts after the Nasdaq opening ceremony in New York on April 18, 2019.

    Bettencourt | Getty Images

    zoom It reported higher-than-expected quarterly earnings on Monday, warning investors that video chat companies’ earnings will slow as the pandemic ends.

    The company’s way is as follows.

    • Revenue: According to Refinitiv, the adjusted price of $ 1.11 per share is expected by analysts to be $ 1.09 per share.
    • Revenue: According to Refinitiv, it’s $ 1.05 billion, compared to what analysts expected at $ 1.02 billion.

    Revenue increased 35% year-on-year for the quarter ended October 31 54% growth In the previous term. Net income was up 71% to $ 340.3 million, according to the company. statement..

    Zoom adjusted its fourth-quarter revenue from $ 1.051 billion to $ 1.053 billion, from $ 1.06 to $ 1.07 per share. This means a growth of 19%. Analysts polled by Refinitiv expected adjusted earnings per share of $ 1.05 and revenue of $ 1.02 billion.

    Zoomstock rose rapidly last year as the company expanded from a narrow category of business software to a cultural structure. Millions of people adopted the software and attended and met remotely in classes after a coronavirus pandemic made these types of rallies difficult, if not impossible.

    Recent revenue growth has exceeded 300% Quarter ended in January.. Zoom is currently reporting the slowest growth since at least 2018, prior to its initial public offering in 2019.

    Zoom was purchased by so many companies last year that it is considering slowing growth, but the company is expanding its use within large organizations. According to Zoom, more than 2,500 customers spend more than $ 100,000 annually, up 94% from the year-ago quarter.

    The company’s Zoom Rooms software is also growing because the organization has meeting rooms for meetings with participants who are not in the field. “Meeting room strategy is even more important than it was before the pandemic,” Zoom’s chief financial officer, Kelly Steckelberg, said in a telephone call with analysts.

    During the quarter, Zoom said it was Canceled the plan Acquire a cloud contact center software provider Five 9 At $ 14.7 billion.Zoom in to announce the news Said Proprietary cloud contact center software will be available in early 2022.

    Since Zoom and Five 9 are both public companies, Zoom founder and CEO Eric Yuan said it’s hard to know how to re-contract with Five 9 for potential transactions at higher prices. increase. However, Zoom currently holds $ 5.4 billion in cash, cash equivalents, and marketable securities.

    The yuan said analysts should be contacted if they know “another cool company that can help us to strengthen our investment in that regard.”

    Prior to the off-hours move, Zoom Share fell 28% in 2021 and the S & P 500 Index increased 25% over the same period.

    This is breaking news. Please check for updates.

    –CNBC’s Ari Levy contributed to this report.

    look: Five9 CEO explains why Zoom’s transaction failed

    Zoom (ZM) Revenues Q3 2022

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    The post Zoom (ZM) Revenues Q3 2022 appeared first on Eminetra.

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