Zoom Video Communications Reports First Quarter Results for Fiscal Year 2020
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Zoom (ZM) Tops Q1 EPS by 3c, Revenues Beat; Offers Q2 EPS/Revenue Guidance Above Consensus, FY20 Revenue Guidance Above Consensus
June 6, 2019 4:20 PM EDTZoom (NASDAQ: ZM) reported Q1 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $122 million versus the consensus estimate of $111.73 million.
Revenue: Total revenue for the quarter was $122.0 million, up 103% year-over-year.Operating Income and Operating Margin: GAAP income from operations for the first quarter was $1.6 million, up from a loss from operations of $1.7 million in the first quarter of fiscal 2019. After adjusting for non-cash, stock-based compensation expense, non-GAAP income from operations for the first quarter was $8.2 million, up from a non-GAAP loss from operations... More