From Wall Street – Zoom Video Communications – FY2020-Q1

Current Highlights

Zoom’s fiscal year ends January 31.  The company made its debut on the Nasdaq on April 18, 2019.  The highlights for the quarter are as follows:

  • Total revenue increased by 103% to $122.0 million
  • GAAP income from operations was $1.6 million, up from a loss of $1.7 million a year earlier
  • Total cash and equivalents were $737.2 million, including $543.5 million from the IPO and private placement
  • Company reported 58,500 customers with more than 10 employees (up 86%) and 405 customers contributing more than $100k (up 120%)

This content is available to premium subscribers only.
To see your content access options, please Sign In or Sign Up

Related Posts