Eric Yuan, the founder and CEO of Zoom Video Communications Inc., sounded during the initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019 The reaction of the opening bell. Zoom announced that its net income for the fiscal year ending in January was $7.6 million, and its revenue was $331 million. The current value is nine times the $1
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The stock of video calling software maker Zoom rose 11% in Monday’s extended trading.
The company’s approach is as follows:
- income: According to data from Refinitiv, adjusted earnings per share were $1.22, higher than analysts’ expectations of 79 cents per share.
- income: According to data from Refinitiv, the figure is 882.5 million U.S. dollars, while analysts expected it to be 811.8 million U.S. dollars.
A statement showed that in the quarter ended January 31, revenue increased by 369% year-on-year. In the same period last year, with the emergence of the Covid-19 virus in China, people began to use Zoom more, leading the World Health Organization to say that the virus became a pandemic in March 2020. In the last quarter, revenue increased by approximately 367%.
Zoom’s gross profit margin increased to 69.7% from 66.7% in the previous quarter. The company also announced the earnings of small customers. Zoom said that at the end of the fourth fiscal quarter, it had 467,100 customers and more than 10 employees, an increase of 354% compared to the same period last year and an increase of 470% year-on-year. The company added $4.24 billion in cash, cash equivalents and marketable securities at the end of the quarter.
In the fourth fiscal quarter, Zoom said it had accumulated more than 1 million seats to pay for Zoom Phone, a service that enables people to make and receive calls virtually, transfer calls and receive voice mail.
In terms of guidance, Zoom expects adjusted earnings per share of 95 cents to 97 cents in the first fiscal quarter, revenue of US$900 million, and revenue of US$905 million, which means that intermediate income in this range has increased by 175%. . Analysts surveyed by Refinitiv expect on average its adjusted earnings per share of 72 cents and revenue of $829.2 million.
Throughout the 2022 fiscal year, Zoom requires adjusted earnings per share of US$3.59 and US$3.65, and revenues of US$3.76 billion and US$3.78 billion, which will mean a 42% growth. Analysts surveyed by Refinitiv had previously expected on average its adjusted earnings per share of $2.96 and revenue of $3.56 billion.
Excluding after-market gains, since the beginning of the year, Zoom stocks have risen 22%, while the S&P 500 index has risen less than 4% over the same period.
Executives will discuss the results with analysts in a Zoom video call starting at 5 pm Eastern time.
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