Zoom Video Communications – Financial Results – FY2023-Q1

This From Wall Street note provides information and RR’s opinions and insight on Zoom Video Communications’ financial results.
[ More information on Zoom ]

Current Highlights

Quarterly Update

  • Total revenue $1.074M for the quarter, essentially flat QoQ and up 12% YoY
  • GAAP operating income $187M, down 26% QoQ and 17% YoY
  • Number of customers contributing > $100K in trailing 12 months at 2,916, up 46% YoY
  • Number of enterprise customers at 198,900, up 24% YoY

Notes

  • Zoom made its debut on the Nasdaq on April 18, 2019.
  • Zoom’s fiscal year ends January 31, so fiscal quarters and calendar quarters do not align.