Categories AlphaGraphs, Earnings, Technology
Zoom Video Communications (ZM) Q1 profit beats estimates, guides Q2 above view
Zoom Video Communications Inc. (NASDAQ: ZM) reported its financial results for the quarter ended April 30, 2020, on Tuesday after the market closes. The results exceeded analysts’ expectations. The company issued second-quarter guidance above-consensus view.
Zoom Video posted a jump in earnings for the first quarter of 2021 driven by higher revenue. The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. The top-line soared by 169% year-over-year.
Looking ahead into the Q2, the company expects total revenue in the range of $495-500 million and adjusted earnings in the range of $0.44-0.46 per share. For fiscal 2021, the company predicts total revenue in the range of $1.775-1.8 billion and adjusted earnings in the range of $1.21-1.29 per share.
Past Performance
Take a look at our Technology articles here
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion