Zoom (ZM) Tops Q4 EPS by 8c; Guides Above

Zoom (NASDAQ: ZM) reported Q4 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $188.3 million versus the consensus estimate of $176.55 million.

“We strive to empower our customers to accomplish more with our video-first unified communications platform. This is evidenced by our strong performance in the fourth quarter as we delivered a unique combination of high total revenue growth of 78% at a scale of $188 million, GAAP income from operations of $11 million, non-GAAP income from operations of $38 million, and operating cash flow of $37 million. Our execution also drove 61% growth in the number of customers with more than 10 employees and 86% growth in the number of customers contributing more than $100K of TTM revenue,” said Eric S. Yuan, Founder and Chief Executive Officer of Zoom.

GUIDANCE:

Zoom sees FY2021 EPS of $0.42-$0.45, versus the consensus of $0.30.

Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2021 and its full fiscal year 2021.

First Quarter Fiscal Year 2021: Total revenue is expected to be between $199.0 million and $201.0 million and non-GAAP income from operations is expected to be between $25.0 million and $27.0 million. Q1 non-GAAP diluted EPS is expected to be approximately $0.10 with approximately 297 million non-GAAP weighted average shares outstanding.

Full Fiscal Year 2021: Total revenue is expected to be between $905.0 million and $915.0 million and non-GAAP income from operations is expected to be between $110.0 million and $120.0 million. Full fiscal year non-GAAP diluted EPS is expected to be between $0.42 and $0.45 with approximately 301 million non-GAAP weighted average shares outstanding.

For earnings history and earnings-related data on Zoom (ZM) click here.

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