Zoom Video Communications – Financial Results – FY2023-Q3

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 $1.019.9M for the quarter, up 5% YoY and flat QoQ
  • GAAP operating income $66.5M, down 77% YoY and down 45% QoQ
  • Number of customers contributing > $100K in trailing 12 months at 3,286, up 31% YoY and 5% QoQ
  • Number of enterprise customers at 209,300, up 14% YoY and 2.5% QoQ

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.