Categories AlphaGraphs, Earnings, LATEST, Technology
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.
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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Why Unisys (UIS) might not be a good investment option right now
Unisys Corporation (NYSE: UIS) is one of the few tech firms that failed to take full advantage of the digital transformation wave spurred by the coronavirus. But the recent improvement
Infographic: American Express (AXP) performance and key numbers for Q4 2020
American Express Company (NYSE: AXP) reported fourth-quarter 2020 earnings results today. Consolidated revenues, net of interest expense, declined 18% to $9.3 billion, The quarter primarily reflected declines in Card Member
General Electric (GE) Q4 Earnings: Key financials and quarterly highlights
General Electric Company (NYSE: GE) reported fourth quarter 2020 earnings results today. Total revenues fell 16% year-over-year to $21.9 billion but came ahead of market estimates of $21.8 billion.
