0
Broadband

Zoom Video ups FY guidance after higher-than-expected Q2

Friday 6 September 2019 | 09:36 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Enterprise videoconferencing specialist Zoom Video Communications raised its full year forecast after reporting another strong quarter driven by new customers and expansion across existing ones. Revenues for its second quarter to end July jumped 96 percent from the year before to USD 145.8 million, widely passing expectations. The net profit soared to USD 5.5 million or USD 0.02 per share, from 0.5 million and 0.0 per share. The operating profit slipped to USD 2.3 million from 3.4 million though the adjusted operating profit went higher to USD 20.7 million from 4.5 million. Adjusted net

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Zoom profits jump in Q1 after strong customer growth from home working

Published 03 Jun 2020 08:40 CET | World
Zoom Video Communications saw its revenue nearly triple in its fiscal first quarter to April, to USD 328 million from USD 122 ...

Zoom hires former Facebook security chief to help with security review

Published 08 Apr 2020 15:21 CET | World
Zoom Video Communications announced it has hired Alex Stamos as an outside advisor to help in its planned security review. He was ...

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

Published 05 Mar 2020 08:47 CET | World
Zoom Video Communications reported better-than-expected results for its fiscal fourth quarter to January and full year. Quarterly ...

Zoom Video picks Equinix for global data centres

Published 21 Nov 2019 16:59 CET | World
Equinix announced that Zoom Video Communications is leveraging Equinix data centres to expand its global footprint. Portions of ...

Emergence Capital, Horizons Ventures, Maven Ventures, Sequoia launch Zoom developer pitch competition

Published 16 Oct 2019 12:13 CET | World
Emergence Capital, Horizons Ventures, Maven Ventures, and Sequoia Capital, all investors in enterprise video-conferencing ...

Zoom invests in Norwegian meeting room systems start-up Neat

Published 16 Oct 2019 12:01 CET | World
Norwegian start-up Neat said that it has launched its portfolio of meeting room systems designed for Zoom Video Communications at ...

Zoom for Enterprise Communications picked by HSBC

Published 10 Sep 2019 09:30 CET | World
Zoom Video Communications said HSBC will consolidate all of its communications services onto Zoom's video-first unified ...

Zoom appoints Azus as chief revenue officer

Published 06 Aug 2019 11:30 CET | World
Zoom Video Communications appointed Ryan Azus as its chief revenue officer, reporting to CEO Eric S. Yuan. Azus will be globally ...

Zoom announces Zoom Phone launch in UK, Australia

Published 24 Jul 2019 13:30 CET | United Kingdom
Zoom Video Communications announced the general availability of its Zoom Phone cloud phone service in the UK and Australia. It ...

Zoom revenues leap over 100% to USD 122 mln in strong Q1

Published 07 Jun 2019 14:31 CET | World
Enterprise videoconferencing specialist Zoom Video Communications, which raised USD 751 million from its initial public offering ...

Zoom prices IPO above range, raising USD 751 million

Published 18 Apr 2019 09:15 CET | World
The enterprise videoconferencing specialist Zoom Video Communications has priced its initial public offering of shares, raising ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Ribbon Communications Q3
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
::: More Calendar Items