In the fiscal fourth quarter, Zoom Video Communications saw a significant rise in profit, driven by a surge in enterprise sales. The company, based in San Jose, California, reported a profit of $298.8 million, or 95 cents per share, for the three months ending on Jan. 31. This marked a substantial improvement from the loss of $104.1 million, or 36 cents per share, in the same period a year earlier. Analysts anticipated earnings per share of 33 cents, but Zoom surpassed expectations with adjusted earnings per share of $1.42.
Impressive Revenue Growth
Zoom’s revenue also showed promising growth, increasing by 2.6% to $1.15 billion, surpassing the $1.13 billion anticipated by analysts. The company’s enterprise revenue saw a significant uptick of 4.9% from the previous year, while the number of enterprise customers grew by 3.5%.
Positive Outlook
Looking ahead, Zoom projects approximately $4.6 billion in revenue for fiscal year 2025, slightly below the $4.64 billion estimate from analysts. In terms of profit expectations for the upcoming fiscal year, the company anticipates an adjusted per-share profit ranging from $4.85 to $4.88. Analysts polled by FactSet forecast a per-share profit of $4.66.
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