Zoom Video Reports Better-Than-Expected Q2 Results, Strong Forward Guidance: Details
Portfolio Pulse from Erica Kollmann
Zoom Video Communications reported better-than-expected Q2 earnings and provided strong forward guidance, leading to a rise in its stock price. The company beat analyst estimates with earnings of $1.39 per share and revenue of $1.16 billion. Zoom's enterprise revenue grew by 3.5% year-over-year, and the company showed strong cash flow growth. The outlook for Q3 and fiscal year 2025 also exceeded expectations.
August 21, 2024 | 8:35 pm
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Zoom Video Communications reported Q2 earnings of $1.39 per share, beating estimates, with revenue of $1.16 billion. The company provided strong guidance for Q3 and FY 2025, leading to a 1.03% increase in its stock price.
Zoom's better-than-expected Q2 results and strong forward guidance are likely to positively impact its stock price in the short term. The company's ability to beat earnings and revenue estimates, along with strong cash flow growth and positive outlook, are key factors driving investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100