Diamond Member Pelican Press 0 Posted November 25, 2024 Diamond Member Share Posted November 25, 2024 This is the hidden content, please Sign In or Sign Up Zoom (ZM) Q3 earnings report 2025 Eric Yuan, founder and CEO of This is the hidden content, please Sign In or Sign Up , speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were flat in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave guidance in line with expectations. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.38 adjusted vs. $1.31 expected Revenue: $1.18 billion vs. $1.16 billion expected Zoom’s revenue grew about 4% year over year in the quarter, which ended on Oct. 31, according to a This is the hidden content, please Sign In or Sign Up . Zoom has increased revenue in the single digits for two and a half years, a sharp departure from 2020 and 2021, when Covid led the business to triple in size. Net income, at $207.1 million, or 66 cents per share, was up from $141.2 million, or 45 cents per share, in the same quarter a year earlier. The company reported 192,400 enterprise customers in the quarter, up 800 from the previous quarter. With respect to guidance, Zoom called for $1.29 to $1.30 in fiscal fourth-quarter adjusted earnings per share on $1.175 billion to $1.180 billion in revenue. Analysts surveyed by LSEG were expecting $1.29 per share and $1.17 billion in revenue. Zoom bumped up its view for the 2025 fiscal year. It expects $5.41 to $5.43 in adjusted earnings per share, with $4.656 billion to $4.661 billion in revenue. The middle of the revenue range implies about 3% growth. LSEG’s consensus was $5.35 per share on revenue of $4.64 billion. In August, Zoom This is the hidden content, please Sign In or Sign Up it was looking for $5.29 to $5.32 per share and revenue between $4.630 billion and $4.640 billion. During the quarter, Zoom said in the first half of 2025 it will release a premium This is the hidden content, please Sign In or Sign Up that could connect to corporate glossaries and services such as ServiceNow and Workday. Zoom also started offering This is the hidden content, please Sign In or Sign Up options, with room for up to 1 million attendees. As of Monday’s close, Zoom stock was up about 24% this year, while the S&P 500 index had gained 25%. The company also said its corporate name is changing from This is the hidden content, please Sign In or Sign Up to Zoom Communications Inc. “This change reflects our evolution into an AI-first work platform for human connection and our vision for long-term growth,” Zoom’s founder and CEO, Eric Yuan, plans to say on a conference call with analysts, according to This is the hidden content, please Sign In or Sign Up . Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET. This is breaking news. Please check back for updates. WATCH: Zoom deserves another look from investors despite its weak growth, says MAI Capital’s Chris Grisanti This is the hidden content, please Sign In or Sign Up #Zoom #earnings #report This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/175341-zoom-zm-q3-earnings-report-2025/ Share on other sites More sharing options...
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