Categories AlphaGraphs, Earnings, Technology
ZM Earnings: A snapshot of Zoom Video Communications’ Q1 2024 earnings
Zoom Video Communications (NASDAQ: ZM) on Monday reported higher adjusted earnings for the first quarter when its revenues increased 3%. The company also provided guidance for the second quarter and fiscal 2024.
Adjusted earnings, excluding special items, rose to $1.16 per share in the first quarter from $1.03 per share a year earlier. On an unadjusted basis, the company reported net income of $15.4 million or $0.05 per share, compared to $113.6 million or $0.37 per share in the first quarter of 2023.
At $1.11 billion, net revenues were up 3% year-over-year. The company had around 215,900 Enterprise customers at the end of the quarter, up 9% year over year.
“The Zoom platform is designed to support limitless human connection to empower the modern workday and strengthen customer relationships. Our customers see Zoom as mission-critical in how they collaborate internally and externally across the globe,” said Zoom’s CEO Eric Yuan.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
