Zoom Reports ~215,900 Enterprise Customers At End Of Q1, Up 9% YoY; Online Avg. Monthly Churn 3.1%, Down 50 bps From Last Year
Portfolio Pulse from Benzinga Newsdesk
Zoom reported approximately 215,900 enterprise customers at the end of Q1, a 9% YoY increase. The online average monthly churn rate was 3.1%, down 50 basis points from last year.
May 22, 2023 | 8:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Zoom's Q1 results show a 9% YoY increase in enterprise customers and a 50 bps decrease in online average monthly churn rate.
Zoom's Q1 results indicate a positive growth in enterprise customers and a decrease in churn rate, which is a positive sign for the company's performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100