Zoom (NASDAQ: ZM) reported Q3 EPS of $0.09, $0.06 better than the analyst estimate of $0.03. Revenue for the quarter came in at $166.6 million versus the consensus estimate of $154.86 million.

“Our third quarter was another strong performance for Zoom. Our execution helped drive revenue growth of 85% with increased non-GAAP profitability year-over-year and free cash flow of $54.7 million. This execution also drove 67% growth in the number of customers with more than 10 employees and 97% growth of in the number of customers contributing more than $100K of TTM revenue,” said Eric S. Yuan, founder and chief executive officer of Zoom.

Yuan added, “In Q3, we hosted our premier customer event, Zoomtopia, with more than 2,600 registered guests, up 80% year-over-year. During the event, our customers shared their stories of how frictionless Zoom experiences are driving productivity and delivering happiness with both internal and external stakeholders. Also, at Zoomtopia, we were proud to announce expansions to our platform including our new Zoom Rooms Appliance Program, expanded Zoom Phone service and capabilities, and the growth of our App Marketplace. Our customers tell us that Zoom ‘just works,’ and with these new innovations we empower teams to do even more with video communications.”

GUIDANCE:

Zoom sees Q4 2020 revenue of $175-176 million, versus the consensus of $165.15 million.

Zoom sees FY2020 revenue of $609-610 million, versus the consensus of $588.7 million.

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