Zoom Q1 Earnings Highlights: Revenue And EPS Beat, Raised Guidance, Enterprise Growth And More
Portfolio Pulse from Chris Katje
Zoom Video Communications (NASDAQ:ZM) reported Q1 total revenue of $1.11 billion, up 3% YoY, beating the Street estimate of $1.08 billion. EPS was $1.16, surpassing the consensus estimate of 99 cents. Enterprise revenue increased 13% YoY to $632 million, while online revenue declined 8% YoY to $473.4 million. The company raised its guidance for Q2 and the full fiscal year.
May 22, 2023 | 8:26 pm
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Zoom's Q1 earnings beat estimates with revenue and EPS surpassing expectations. The company raised its guidance for Q2 and the full fiscal year, which could positively impact the stock price.
Zoom's Q1 earnings report showed better-than-expected revenue and EPS, indicating strong performance. The company also raised its guidance for Q2 and the full fiscal year, which is a positive signal for investors. This news is likely to have a positive impact on Zoom's stock price in the short term.
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