Categories AlphaGraphs, Earnings, Technology

Infographic: Zoom Video Communications (ZM) Q1 2023 earnings results

Zoom Video Communications (NASDAQ: ZM)  reported lower earnings and higher revenues for the first quarter of 2023. Earnings topped Wall Street’s expectations, while revenues matched the estimates.

Zoom Communications Q1 2023 earnings infographic

Adjusted earnings, excluding special items, dropped to $1.03 per share in the first quarter from $1.32 per share a year earlier. Unadjusted net income was $113.6 million or $0.37 per share, compared to $227.4 million or $0.74 per share in the first quarter of 2022. The latest number beat the estimates.

At $1.07 billion, net revenues were up 12% year-over-year. The top line matched analysts’ forecasts. The company had around 98,900 enterprise customers at the end of the quarter, up 24% from the last fiscal year.

“In Q1, we launched Zoom Contact Center, Zoom Whiteboard, and Zoom IQ for Sales, demonstrating our continued focus on enhancing the customer experience and promoting hybrid work. We believe these innovative solutions will further expand our market opportunity for future growth and expansion with customers,” said Zoom’s CEO Eric Yuan.

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

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