Zoom Reports First Quarter Results for Fiscal Year 2021
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Zoom (ZM) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q & FY21 EPS/Revenue Guidance Above Consensus
June 2, 2020 4:08 PM EDTZoom (NASDAQ: ZM) reported Q1 EPS of $0.20, $0.11 better than the analyst estimate of $0.09. Revenue for the quarter came in at $328.2 million versus the consensus estimate of $202.48 million.
First Quarter Fiscal Year 2021 Financial Highlights:
Revenue: Total revenue for the quarter was $328.2 million, up 169% year-over-year.Income from Operations and Operating Margin: GAAP income from operations for the quarter was $23.4 million, compared to GAAP income from operations of $1.6 million in the first quarter of fiscal year 2020. After adjusting for stock-based compensation expense and related payroll taxes and expenses related to charitable donation of... More