Categories AlphaGraphs, Earnings, Technology

Zoom Video Communications (ZM) Q1 profit beats estimates, guides Q2 above view

Zoom Video Communications Inc. (NASDAQ: ZM) reported its financial results for the quarter ended April 30, 2020, on Tuesday after the market closes. The results exceeded analysts’ expectations. The company issued second-quarter guidance above-consensus view.

Zoom Video Communications (ZM) Q1 2021 earnings review

Zoom Video posted a jump in earnings for the first quarter of 2021 driven by higher revenue. The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. The top-line soared by 169% year-over-year.

Looking ahead into the Q2, the company expects total revenue in the range of $495-500 million and adjusted earnings in the range of $0.44-0.46 per share. For fiscal 2021, the company predicts total revenue in the range of $1.775-1.8 billion and adjusted earnings in the range of $1.21-1.29 per share.

Past Performance

Take a look at our Technology articles here

Also Read:  Major corporate conferences to watch for the week of Sept. 14

Most Popular

Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours

Infographic: Stitch Fix Q4 2020 earnings

Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street

Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates

Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended

Top