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Zoom Video beats earnings outlook, sees further strong growth in new year

Thursday 5 March 2020 | 08:47 CET | News
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Zoom Video Communications reported better-than-expected results for its fiscal fourth quarter to January and full year. Quarterly revenues jumped 78 percent year-on-year to USD 188.3 million, and adjusted operating profit more than tripled, to USD 38.4 million from USD 9.8 million a year earlier. Net profit improved to USD 15.3 million from USD 1.2 million, and the adjusted EPS rose to USD 0.15, double the 7 cents forecast. 

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Categories: Fixed
Companies: Zoom Video Communications
Countries: World
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