earnings
confidence high
sentiment positive
materiality 0.75
Zoom Q3 revenue $1.137B, up 3.2% YoY; raises FY2024 guidance
Zoom Communications, Inc.
2024-Q3 EPS reported
$1.10
revenue$3,380,767,000
- Revenue $1,136.7M (+3.2% YoY); Enterprise rev $660.6M (+7.5%), Online rev $476.1M (-2.4%).
- GAAP net income $141.2M ($0.45/sh) vs $48.4M ($0.16/sh) prior year; non-GAAP EPS $1.29.
- Operating cash flow $493.2M up 67.0% YoY; free cash flow $453.2M up 66.2%.
- Enterprise customers 219,700 (+5%); trailing 12-month net dollar expansion 105%; customers >$100k TTM 3,731 (+13.5%).
- Q4 revenue guidance $1.125-1.130B; full year revenue raised to $4.506-4.511B; FY free cash flow guidance $1.34-1.35B.