Zoom (ZM) Share Price Drops on Disappointing Outlook
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Zoom Appoints Bill McDermott to Board of Directors
February 28, 2022 4:06 PM ESTSAN JOSE, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) announced that it has appointed Bill McDermott as an independent director on Zooms Board of Directors effective March 1. McDermott will replace Bart Swanson, an early investor in Zoom who is stepping down from the Zoom Board following more than eight years of service.
Bill McDermott is one of the most highly accomplished leaders in the technology industry. He currently serves as president, chief executive officer and director of market leading SaaS company ServiceNow. Over the... More
Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2022 Financial Results
February 28, 2022 4:05 PM ESTYear-end number of customers contributing more than $100,000 in trailing 12 months revenue up approximately 66% year over yearFourth quarter total revenue of $1,071.4 million, up 21% year over year; full fiscal year total revenue of $4,099.9 million, up 55% year over yearFourth quarter GAAP income from operations of $251.8 million, down 2% year over year; full fiscal year GAAP income from operations of $1,063.6 million, up 61% year over yearFourth quarter non-GAAP income from operations of $420.3... More
