Zoom surpasses expectations and calls for another quarter of single-digit growth – CNBC
.1 million, or 66 cents per share, was up from $141.2 million, or 45 cents per share, in the same quarter a year earlier.
One of the highlights of the quarter was Zoom’s increased profit and revenue, surpassing what analysts had predicted. This led to a positive change in the company’s full-year forecast, setting a positive tone for the future.
During this period, Zoom also introduced options for single-use webinars, catering to the evolving needs of its users. This move is in line with Zoom’s commitment to adapt to the changing landscape of remote work and virtual meetings.
In addition to these developments, Zoom announced a change in its corporate name from Zoom Video Communications to Zoom Communications Inc. This shift reflects the company’s focus on becoming an AI-first work platform for human connection, highlighting their vision for long-term growth.
Looking ahead, Zoom provided guidance for the fiscal fourth quarter, expecting adjusted earnings per share in the range of $1.29 to $1.30, with revenue between $1.175 billion and $1.180 billion. The company also raised its outlook for the 2025 fiscal year, projecting adjusted earnings per share between $5.41 and $5.43, with revenue ranging from $4.656 billion to $4.661 billion.
Despite the strong performance, Zoom shares were down 4% in extended trading. However, the stock has shown a positive trend throughout the year, with a 24% increase, slightly below the S&P 500 index’s gain of 25%.
Overall, Zoom’s recent results and strategic initiatives indicate a promising future for the company as it continues to innovate and adapt to the evolving needs of virtual communication and remote work environments.
