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
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on