Zoom Q4 revenue soars 21% to $1.07B

Monday, 28. February 2022 22:09

Zoom Video Communications Inc. said on Monday that its revenue annually surged 21% to reach $1.07 billion in the fourth quarter of 2021, surpassing market estimates. Zoom's GAAP net income attributable to common stockholders stood at $490.5 million or $1.60 per share.

"In fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform," CEO Eric Yuan noted.

Customers contributing more than $100,000 in trailing 12 months revenue jumped by 66% year-on-year. Zoom's stock declined 7.76% in the after-hours trading following the earnings announcement.

Related Links: Zoom Video Communications Inc.
Author:
Baha Breaking News (BBN) / ND