Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Zoom Video’s (ZM) Q3 2023 earnings report

Zoom Video Communications (NASDAQ: ZM) reported lower earnings and higher revenues for the third quarter of 2023. Earnings beat, while the top line matched the Street view.

Adjusted earnings, excluding special items, dropped to $1.07 per share in the third quarter from $1.11 per share a year earlier but came in above Wall Street’s projection. On an unadjusted basis, net income attributable to common stockholders was $48.4 million or $0.16 per share, compared to $340.3 million or $1.11 per share in the third quarter of 2022.

At $1.10 billion, net revenues were up 5% year-over-year. The top line came in line with analysts’ forecasts. The company had around 209,300 enterprise customers at the end of the quarter, up 14% from the same quarter last year.


Check this space to read management/ analysts’ comments on Zoom Video’s Q3 2023 earnings


“In Q3, we drove revenue above guidance with continued momentum in Enterprise. In addition, our non-GAAP operating income came in meaningfully higher than our outlook, setting us up to finish the year with full-year revenue growth, strong GAAP and non-GAAP profitability, and free cash flow that we expect to be at the high end of our range of $1 billion to $1.15 billion,” said Zoom’s CEO Eric Yuan.

Prior performance

  • Zoom Video Communications Q2 2023 earnings infographic
  • Zoom Communications Q1 2023 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Broadcom (AVGO) seems a good buy ahead of VMware deal. Here’s why

The performance of Broadcom, Inc. (NASDAQ: AVGO) has been impressive in the last few years -- a period of high uncertainty -- as the successful business model helped it remain

Delta Air Lines (DAL): A look at the airline’s expectations for the near term

Shares of Delta Air Lines Inc. (NYSE: DAL) were down 2% on Monday. The stock has dropped 12% year-to-date. The company delivered double-digit revenue growth for its most recent quarter

Why it’s a good idea to keep an eye on Autodesk (ADSK) stock

Autodesk, Inc. (NASDAQ: ADSK) is a market leader in computer-assisted design software, catering mainly to the architecture, engineering, construction, and manufacturing sectors with its mission-critical solutions. The company, which is

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top