Summary by Moomoo AI
On November 25, 2024, Zoom Communications, Inc. announced its financial results for Q3 FY2025, ending October 31, 2024. Total revenue reached $1,177.5 million, a 3.6% YoY increase; enterprise revenue rose 5.8% YoY to $698.9 million. GAAP net income was $207.1 million, or $0.66 per share, while non-GAAP net income was $435.1 million, or $1.38 per share.The company also announced a corporate name change from Zoom Video Communications, Inc. to Zoom Communications, Inc., effective November 25, 2024. This change reflects its broader vision to deliver an AI-first work platform. Additionally, Zoom increased its stock repurchase authorization by $1.2 billion, leaving $2.0 billion available for repurchase.Zoom's financial outlook for Q4 FY2025 anticipates revenue between $1.175 billion and $1.180 billion, with non-GAAP diluted EPS expected between $1.29 and $1.30. The full fiscal year 2025 revenue is projected between $4.656 billion and $4.661 billion.
