Zoom: Q2 revenue up 8% to $1.1B

Monday, 22. August 2022 22:08

Zoom Video Communications Inc. reported on Monday that its total revenue stood at $1.1 billion in the second quarter of fiscal 2023, marking an 8% increase from the corresponding timeframe a year earlier.

GAAP net income attributable to common stockholders dropped 86% year on year to $45.7 million in the trimester that ended on July 31, 2022. Diluted net income per share attributable to common stockholders was $0.15, compared to $1.04 documented a year ago. The company booked 204,100 enterprise customers, 18% more than in the same trimester in fiscal 2022.

"Our recently launched Zoom Contact Center and Zoom IQ for Sales products saw some great early wins while Zoom Phone delivered milestone results, hitting a record number of licenses sold in the quarter and reaching nearly 4 million seats, up more than 100% year over year," Zoom founder and CEO Eric Yuan noted, while CFO Kelly Steckelberg added that this was the company's "fifth straight quarter with revenue of over one billion dollars."

Zoom shares were down 3.95% in late trading after the results were released.

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