Zoom Video Communications raised its full-year earnings guidance Thursday after reporting second-quarter results that beat Wall Street estimates, driven by strength in its enterprise business and efforts to rein in online churn.
Zoom Video Communications Inc (NASDAQ:ZM) jumped more than 6% in recent afterhours trading following the report.
For the three months ended Jul. 31, the company reported adjusted Q2 earnings per share of $1.53 on revenue of $1.22 billion, beating estimates for EPS $1.38 on revenue of $1.2B.
Enterprise customers, which make up almost a third of revenue, contributing more than $100,000 in trailing 12-month revenue were up 8.7% to 4,274 from the same quarter last fiscal year.
RPO, or remaining performance obligation, increased over 5% year over year to approximately $4 billion dollars.
For Q3, the company guided adjusted EPS in a range of $1.42 to $1.44 on revenue of $1.210B and $1.215B.
For fiscal 2026, the company sees adjusted EPS in a range of $5.81 and $5.84 on revenue between $4.825B and $4.835B. That was above the prior forecast for adjusted EPS in a range of $5.56 to $5.59 on revenue between $4.8B $4.81B.
Source :
https://www.investing.com/news/earnings/zoom-lifts-guidance-as-enterprise-unit-shines-churn-stabilizes-4205630
