Zoom Video Communications Inc (NASDAQ: ZM) reported third-quarter financial results after the close on Monday. Here's a rundown of the report and a look at what's driving shares higher after hours.
Q3 Earnings: Zoom said third-quarter revenue increased 3.2% year-over-year to $1.14 billion, which beat the consensus estimate of $1.12 billion. The company reported quarterly earnings of $1.29 per share, which beat analyst estimates of $1.08 per share, marking the 18th consecutive EPS beat for Zoom, according to Benzinga Pro.
Enterprise revenue was up 7.5% year-over-year. Operating margin came in at 14.9% in the quarter. Operating cash flow totaled $493.2 million, up ...