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Zoom Video Communications Q4 results top estimates

AuthorYasin Ebrahim
Published 2023-02-27, 04:36 p/m

By Yasin Ebrahim

Investing.com --  Zoom Video Communications reported Monday fourth-quarter results that beat Wall Street estimates on both the top and bottom lines as new enterprise customer wins bolstered performance.

Zoom Video Communications Inc (NASDAQ:ZM) stock was up 6% in after-hours trading.

The company reported EPS of $1.22 on revenue of $1.12 billion, beating estimates for EPS $0.81 on revenue of $1.1B.

Enterprise customers were up 12% to about 213,000 year over year.

Customers contributing more than $100,000 in trailing 12-month revenue were up 27% to 3,471 from the same quarter last fiscal year.

Looking ahead, the company guided fiscal first-quarter adjusted EPS between $0.96 and $0.98, above consensus of $0.85. Revenue was expected to be in a range of $1.080B to $1.085B, below consensus of $1.11B.

For the full-year 2024, the company guided adjusted EPS between $4.11 and $4.18 on revenue in a range of $4.435B and $4.455B.

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