Zoom Q1 Earnings: Revenue Beat, EPS Beat, Cash Flow Surges, Continued AI Integration And More
Portfolio Pulse from Adam Eckert
Zoom Video Communications Inc (NASDAQ:ZM) reported strong Q1 earnings, beating both revenue and EPS estimates. Revenue was $1.14 billion, up 3.2% YoY, and adjusted EPS was $1.35, beating the $1.20 estimate. Cash flow surged, and the company continued its AI integration. However, Q2 guidance was slightly below expectations.
May 20, 2024 | 8:21 pm
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Zoom reported strong Q1 earnings, beating both revenue and EPS estimates. Revenue was $1.14 billion, up 3.2% YoY, and adjusted EPS was $1.35, beating the $1.20 estimate. Cash flow surged, and the company continued its AI integration. However, Q2 guidance was slightly below expectations.
Zoom's strong Q1 performance, with revenue and EPS beating estimates, is a positive indicator. The significant increase in cash flow and continued AI integration are also positive. However, the slightly below-expectation Q2 guidance may temper short-term enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100