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Zoom Video Communications | 8-K: Zoom Video Communications Reports Financial Results for the First Quarter of Fiscal Year 2025

SEC announcement ·  May 20 16:06
Summary by Moomoo AI
On May 20, 2024, Zoom Video Communications, Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a total revenue of $1,141.2 million, marking a 3.2% increase year over year, and a 3.5% increase in constant currency. Enterprise revenue grew by 5.3% to $665.7 million. The company's GAAP operating margin was 17.8%, with a non-GAAP operating margin of 40.0%. Operating cash flow saw a significant increase of 40.6% year over year, amounting to $588.2 million. Zoom also repurchased approximately 2.4 million shares of common stock during the quarter. CEO Eric S. Yuan highlighted the integration of AI across Zoom's platform, including Zoom Contact Center and Zoom Workplace, as a key factor in the company's performance. The financial outlook for...Show More
On May 20, 2024, Zoom Video Communications, Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a total revenue of $1,141.2 million, marking a 3.2% increase year over year, and a 3.5% increase in constant currency. Enterprise revenue grew by 5.3% to $665.7 million. The company's GAAP operating margin was 17.8%, with a non-GAAP operating margin of 40.0%. Operating cash flow saw a significant increase of 40.6% year over year, amounting to $588.2 million. Zoom also repurchased approximately 2.4 million shares of common stock during the quarter. CEO Eric S. Yuan highlighted the integration of AI across Zoom's platform, including Zoom Contact Center and Zoom Workplace, as a key factor in the company's performance. The financial outlook for the second quarter of fiscal year 2025 projects total revenue to be between $1.145 billion and $1.150 billion, with non-GAAP income from operations expected to be between $415.0 million and $420.0 million. For the full fiscal year 2025, Zoom anticipates total revenue to be between $4.610 billion and $4.620 billion, with non-GAAP income from operations projected between $1.740 billion and $1.750 billion. The company's balance sheet remains strong with total cash, cash equivalents, and marketable securities, excluding restricted cash, at $7.4 billion as of April 30, 2024.

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