Zoom Video Communications raised its outlook for full-year growth after nearly tripling sales in its first quarter. In the three months to April, revenue rose to USD 956.2 million from USD 328.2 million a year ago, better than the company's outlook.
Quarterly operating jumped nearly ten-fold, to USD 226.3 million from USD 23.4 million, and the net profit soared to USD 227.4 million from USD 27.0 million in the first quarter of the previous year. Adjusted EPS jumped to USD 1.32 from USD 0.20 a year ago, also much better than forecast.
At the end of April, Zoom counted 497,000 customers with more than 10 employees, up 87 percent from the same quarter last fiscal year. A total 1,999 customers contributed more than USD 100,000 in trailing 12 months revenue, up 160 percent year-on-year.
For fiscal Q2, Zoom forecast revenues of USD 985-990 million, adjusted operating profit of USD 355-360 million and adjusted EPS of USD 1.14-1.15.
Over the full year, it now expects revenue of USD 3.975-3.990 billion, up from its estimate in March of USD 3.760-3.780 billion. The forecast for adjusted EPS increases to USD 4.56-4.61 from the earlier guidance of USD 3.59-3.65.
