Categories AlphaGraphs, Earnings, Technology
Infographic: Zoom Video Communications (ZM) Q2 2021 earnings results
Zoom Video Communications’ (NASDAQ: ZM) second quarter 2021 results crushed the market’s estimates. Zoom stock, which hit a new 52-week high in today’s regular trading session, was trading up about 8% in the extended trading hours.
After adjusting for certain items, Zoom’s profit rose to $0.92 per share in the recently ended Q2 from a profit of $0.08 per share in the prior-year quarter. GAAP net income attributable to common stockholders was $0.63 per share compared to $0.02 in the prior-year period.
With a 355% year-over-year growth in revenue to $663.5 million in Q2, the company lifted its FY21 revenue outlook to a range of $2.37 billion to $2.39 billion, up 281% to 284% versus FY20. Non-GAAP EPS is expected to be between $2.40 and $2.47 for FY21.
For the third quarter of fiscal 2021, Zoom expects revenue to be between $685 million and $690 million and non-GAAP EPS is expected to be between $0.73 and $0.74.
Most Popular
Cancer drug maker Felicitex prepares for IPO. Here’s all you need to know
Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year
Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain
Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its
Should you buy Oracle (ORCL) stock ahead of next week’s earnings?
The cloud infrastructure market in the U.S. is projected to grow by double digits through 2030. The fast-paced cloud adoption has made leading tech firms like Oracle Corporation (NYSE: ORCL)
