Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2020 Financial Results

SAN JOSE, Calif., March 04, 2020 (GLOBE NEWSWIRE) — March 4, 2020 – Zoom Video Communications, Inc. (NASDAQ: ZM), a provider of video-first unified communications, today announced financial results for the quarter ended January 31, 2020.

“We strive to empower our customers to accomplish more with our video-first unified communications platform. This is evidenced by our strong performance in the fourth quarter as we delivered a unique combination of high total revenue growth of 78% at a scale of $188 million, GAAP income from operations of $11 million, non-GAAP income from operations of $38 million, and operating cash flow of $37 million. Our execution also drove 61% growth in the number of customers with more than 10 employees and 86% growth in the number of customers contributing more than $100K of TTM revenue,” said Eric S. Yuan, Founder and Chief Executive Officer of Zoom.