TECH - Zoom Q1 Earnings: Revenue Beat EPS Beat Cash Flow Surges Continued AI Integration And More | Benzinga
Zoom Video Communications Inc (NASDAQ:ZM) reported first-quarter earnings after the market close Monday. Here’s a look at the key metrics from the quarter.
What Happened: Zoom reported first-quarter revenue of $1.14 billion, beating the consensus estimate of $1.13 billion billion. Zoom’s top-line results were up 3.2% on a year-over-year basis. Enterprise revenue was up 5.3% year-over-year, while online revenue was flat on a year-over-year basis.
The communications company reported adjusted earnings of $1.35 per share, beating analyst estimates of $1.20 per share. Zoom has now beat analyst estimates on the top and bottom lines in seven straight ...