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Infographic: Highlights of Zoom Video Communications (ZM) Q3 2021 earnings report

Web meeting platform Zoom Video Communications (NASDAQ: ZM) reported a multi-fold surge in third-quarter revenues, reflecting the growing demand for remote conferencing services during the shutdown. Both the top-line and profit exceeded the market’s projection.

Zoom Video Communications Q3 2021 earnings infographic

In the October-quarter, there was a three-fold growth in revenues to $777.2 million, compared to the year-ago period. Analysts had predicted slower growth.

The strong top-line performance translated into a sharp increase in adjusted earnings to $0.99 per share from $0.09 per share in the third quarter of 2020. Unadjusted profit climbed to $198.4 million or $0.66 per share from $2.2 million or $0.01 per share last year. Earnings also beat the consensus estimate.

Read management/analysts’ comments on Zoom’s Q3 earnings

Zoom’s stock has gained steadily since the beginning of the year and reached an all-time high in mid-October. In the past six months alone, its value more than doubled. The stock declined during Monday’s after-hours trading session, soon after the announcement.

  • Zoom Video Communications (ZM) Q2 2021 financials
  • Zoom Video Communications (ZM) Q1 2021 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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