From Wall Street – Zoom Video Communications – FY2020-Q2

Current Highlights

Zoom’s fiscal year ends January 31, hence fiscal quarters and calendar quarters to not align.  The company made its debut on the Nasdaq on April 18, 2019.

  • Total revenue nearly doubled to $146 million
  • Operating income was positive $2.27 million
  • GAAP net income was $5.54 million, of which $2.86 million was interest income on the company’s extensive portfolio of securities after the successful IPO
  • As of July 31, 2019 and 2018, Zoom had approximately 66,300 and 37,200 customers with more than 10 employees, respectively (up 78%).

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