Adjusted earnings, excluding special items, dropped to $1.25 per share in the fourth quarter from $1.32 per share a year earlier. On an unadjusted basis, the company reported a net loss of $104.1 million or $0.36 per share, compared to a profit of $490.5 million or $1.60 per share in the fourth quarter of 2022.
At $1.12 billion, net revenues were up 4% year-over-year. The company had around 213,000 Enterprise customers at the end of the quarter, up 12% year over year.
Check this space to read management/ analysts’ comments on Zoom Video’s Q4 2023 earnings
“Zoom One adoption continued to accelerate and helped drive Zoom Phone to grow more than 100% year over year, surpassing 5.5 million seats in Q4. Our emerging technologies such as Zoom Contact Center picked up pace as customer experience teams recognized the value of a modern, integrated collaboration solution,” said Zoom’s CEO Eric Yuan.
