On Monday, Zoom Video Communications (NASDAQ:ZM) issued a better-than-expected second quarter report, while also lifting its full-year revenue outlook. Zoom is doing a good job in proving to its rival Microsoft Corporation (NASDAQ:MSFT) and others that it is more than a pandemic-only wonder, with its stock going up upon the report.
Zooming in on second quarter results.
For the quarter ended on July 31st, Zoom reported revenue rose 2% to $1.162 billion, with sales growth slowing down for the tenth consecutive quarte. But revenue still topped LSEG's estimate of $1.15 billion.
Net income grew to $219 million, or 70 cents per share with adjusted earnings amounting to $1.39 per share as they rose 4% YoY.
The good news is that large accounts that represent customers contributing more than $100,000 in trailing 12-month revenue grew 7.1% while online average monthly churn reached its lowest ever rate. More precisely, the online monthly churn dropped to a record-low of 2.9%, showing that its users are seeing the added value from AI-features and other new offerings.
A Lifted Guidance
For the October quarter, Zoom guided for revenue from $1.16 billion to $1.165 billion, surpassing Wall Street estimates of $1.157 billion. Zoom also announced the departure of CFO Kelly Steckelberg at the end of the current quarter.
As for the fiscal 2025, Zoom lifted its prior revenue guidance of up to $4.62 billion as it now expects it in the range between $4.63 billion and $4.64 billion.
Zoom's AI-powered tools are being deployed in the post-pandemic hybrid work era.
Despite having a scary competitor like Microsoft and its Teams, Zoom delivered a very solid quarter. The latest results reflect a strong operational execution, greater margin leverage and free cash flow generation.
After struggling with the post-pandemic slowdown, Zoom's business has stabilized. Moreover, CEO Eric Yuan mentioned that the Zoom Contact Center, the company's AI-powered omnichannel platform, landed its biggest contact center customer ever as it continutes to focus on growth reacceleration. With its turnaround efforts led by AI integration and contact centar, Zoom is hoping to go back to growing again like during the good old pandemic times. Therefore, the latest results show that Zoom is doing more than just holding its ground against Microsoft and other rivals. It certainly helps that pressures from EU regulators forced Microsoft to split its Teams and Office bundles, a move that benefited Zoom's competiteness. What Zoom needs to do now is find a way to sustain this impressive momentum of newer product offerings as it hopefully finds its way back to revenue acceleration in the current, fiscal third, quarter.
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週一,Zoom Video Communications(納斯達克股票代碼:ZM)發佈了好於預期的第二季度報告,同時還上調了其全年收入前景。Zoom在向競爭對手微軟公司(納斯達克股票代碼:MSFT)和其他公司證明它不僅僅是一個疫情奇蹟方面做得很好,其股票在報告發布後上漲。
放大第二季度業績。
在截至7月31日的季度中,Zoom報告收入增長了2%,至11.62億美元,銷售增長連續第十個季度放緩。但收入仍超過了LSEG估計的11.5億美元。
淨收入增長至2.19億美元,合每股70美分,調整後每股收益爲1.39美元,同比增長4%。
好消息是,代表客戶在過去12個月收入中貢獻超過10萬美元的大型帳戶增長了7.1%,而在線平均月流失率達到了有史以來的最低水平。更確切地說,在線月流失率降至2.9%的歷史最低水平,這表明其用戶看到了人工智能功能和其他新產品的附加價值。
解密指導方針
在10月份的季度,Zoom的預期收入從11.6億美元增至11.65億美元,超過了華爾街預期的11.57億美元。Zoom還宣佈首席財務官凱利·斯特克爾伯格將在本季度末離職。
至於2025財年,Zoom將其先前的收入預期上調至46.2億美元,目前預計收入在46.3億美元至46.4億美元之間。
Zoom 的人工智能工具正在後疫情混合工作時代部署。
儘管有像微軟及其團隊這樣的可怕競爭對手,但Zoom的季度表現非常穩健。最新業績反映了強勁的運營執行力、更高的利潤率和自由現金流的產生。
在爲疫情後的經濟放緩而苦苦掙扎之後,Zoom的業務已經穩定下來。此外,首席執行官埃裏克·袁提到,該公司的人工智能驅動的全渠道平台Zoom聯絡中心在繼續專注於重新加速增長的同時,吸引了有史以來最大的聯絡中心客戶。憑藉由人工智能集成和聯繫中心領導的轉型工作,Zoom希望像過去的疫情時期一樣恢復增長。因此,最新的結果表明,Zoom所做的不僅僅是保持對抗微軟和其他競爭對手的立場。來自歐盟監管機構的壓力迫使微軟拆分其Teams和Office捆綁包,這無疑有所幫助,此舉有利於Zoom的競爭力。Zoom 現在需要做的是找到一種方法來維持這種令人印象深刻的新產品供應勢頭,因爲它有望在本財年第三季度恢復收入加速。
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本文來自一位未付費的外部撰稿人。它不代表 Benzinga 的舉報,也未就內容或準確性進行過編輯。