Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers. It also provides Zoom Rooms, a software-based conference room system; Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings; Zoom Video Webinars to provide video presentations to large audiences from many devices; and Zoom Hardware-as-a-Service allows users to access video communication technology with subscription options for phone and meeting room hardware. The company offers Zoom for Developers to integrate its video, phone, chat, and content sharing into other applications, as well as manages Zoom accounts; Zoom App Marketplace enhance developers to publish their apps; OnZoom, a platform for users to create, host, and monetize online events; and Zoom Apps to access from Zoom Meetings and the Zoom Desktop client to facilitate collaboration and engagement during meetings. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. The company was incorporated in 2011 and is headquartered in San Jose, California.
IPO Year: 2019
Exchange: NASDAQ
Website: zoom.us
Date | Price Target | Rating | Analyst |
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10/17/2024 | $80.00 → $85.00 | Outperform | Wedbush |
4/18/2024 | $75.00 | Neutral → Buy | Rosenblatt |
3/19/2024 | $70.00 | Hold | Jefferies |
1/18/2024 | $60.00 | Neutral → Underperform | Exane BNP Paribas |
12/20/2023 | $70.00 | Equal Weight → Underweight | Wells Fargo |
11/17/2023 | $66.00 | Sell → Neutral | Citigroup |
9/15/2023 | $83.00 | Buy | HSBC Securities |
5/23/2023 | $85.00 | Underperform → Market Perform | MoffettNathanson |
3/24/2023 | $75.00 | Neutral | Rosenblatt |
1/23/2023 | $100.00 → $75.00 | Buy → Neutral | MKM Partners |
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Jenne, Inc., a premier value-added distributor of technology products and solutions, is excited to announce a significant expansion of its portfolio with the addition of Zoom Video Communications, Inc. (NASDAQ:ZM). This collaboration will bring Zoom's AI-first work platform to Jenne's resellers and their customers, offering enhanced solutions for a new era of flexible, modern workplace communication. The relationship between Jenne and Zoom marks a significant milestone in Jenne's mission to deliver transformative technology solutions to its partners. Zoom's suite of solutions—including Zoom AI Companion, Zoom Phone, Zoom Team Chat, Zoom Contact Center, Zoom Docs, and Zoom Meetings—will co
SAN JOSE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) today announced it will release its financial results for the third quarter of fiscal year 2025 on Monday, November 25, 2024, after the market closes. A live Zoom Webinar of the event can be accessed at 2:00 pm PT / 5:00 pm ET through Zoom's investor relations website at https://investors.zoom.us. A replay will be available approximately two hours after the conclusion of the live event. About ZoomZoom's mission is to provide an AI-first work platform for human connection. Reimagine teamwork with Zoom Workplace — Zoom's open collaboration platform with AI Companion empowers teams to be
SAN JOSE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced that Gartner has named Zoom a Leader in the 2024 Gartner® Magic Quadrant™ for Unified Communications as a Service (UCaaS), Worldwide for the fifth time in a row. The UCaaS report evaluated 11 companies in the unified communications space, and Zoom has been recognized as a Leader in this. Zoom includes enterprise-grade solutions like Zoom AI Companion, Zoom Contact Center, Zoom Team Chat, Zoom Phone, Zoom Meetings, and Workvivo. "We believe being named a Leader in the Gartner Magic Quadrant for UCaaS for the fifth year in a row is a true testament to our dedication and commitmen
Zoom's AI Companion custom add-on triggers actionable workflows in ServiceNow Now Assist to keep projects moving forward Today at Zoom's annual partner and customer event, Zoomtopia 2024, ServiceNow (NYSE:NOW) and Zoom (NASDAQ:ZM) announced an expanded strategic alliance to usher in a new era of intelligence with smarter collaboration and peak productivity across the enterprise. The two companies' generative AI (GenAI) technologies, ServiceNow Now Assist and Zoom AI Companion, will integrate in the first half of 2025 to offer organizations advanced workflow automation for tasks and activities across Zoom and ServiceNow. This press release features multimedia. View the full release here: ht
Next generation of Zoom AI Companion to pull in information from across Zoom Workplace, empowering users to get more done New custom add-on for AI Companion to offer advanced customization capabilities, including new Zoom AI StudioZoom Tasks expands Zoom Workplace capabilities to help users detect, recommend, and complete tasks throughout their workday SAN JOSE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ:ZM) kicked off Zoomtopia 2024 and unveiled new AI-first work platform innovations for Zoom Workplace and Zoom Business Services that will transform team communication, collaboration, and productivity and help customers get more done. Zoomtopia
SAN JOSE, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) today announced the launch of its industry-leading Zoom Phone in India, commencing with the availability of Zoom Phone service with native India phone numbers in the Maharashtra Telecom Circle (Pune). Zoom Phone brings multinational corporations (MNCs) with a domestic presence and homegrown companies unrivaled simplicity and modern functionality to their distributed hybrid workforce, as well as global native coverage in 50 countries and territories. The native phone number support will be available starting with the Maharashtra Telecom Circle (Pune), followed by Karnataka (Bangalore), Tamil
SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications (NASDAQ:ZM), today announced that Michelle Chang has been appointed as its Chief Financial Officer (CFO), effective October 7, 2024. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization. Reporting directly to Zoom's founder and CEO Eric S. Yuan, Chang will be responsible for overseeing Zoom's financial strategy, and will lead the global finance organization, including investor relations, tax, accounting and FP&A. Chang will succeed Kelly Steckelberg, who as previously announced
SAN JOSE, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Today, Zoom announced several new add-on products and functionalities to further strengthen its advanced enterprise offerings portfolio for the Zoom platform. Zoom advanced enterprise offerings consist of a comprehensive portfolio of Zoom products and features that help organizations meet their compliance, security, privacy, survivability, and manageability requirements. "Zoom's advanced enterprise offerings reflect our commitment to empowering businesses and providing them with offerings that enable them to be more efficient, secure, compliant, and reliable," said Smita Hashim, chief product officer, Zoom. "Our advanced enterprise pr
SAN JOSE, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Today, Zoom Video Communications, Inc. (NASDAQ:ZM) and Mitel, a global leader in business communications, announced a strategic partnership designed to empower enterprises worldwide with a unique hybrid cloud solution that combines Zoom Workplace and Zoom AI Companion with Mitel's flagship communications platform in a modern, deeply integrated communication experience. The partnership will address growing enterprise demand for hybrid unified communications (UC) deployments with a "best-of-both-worlds" solution that delivers security and control for mission-critical communications alongside exceptional collaboration to enhance business pr
SAN JOSE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Today, Zoom announced that The Federal Risk and Authorization Management Program (FedRAMP®) Joint Authorization Board (JAB) authorized Zoom AI Companion as a JAB Moderate system, adding to Zoom for Government's growing list of authorized products, solidifying the company's commitment to the U.S. government space. Most recently, Zoom Contact Center also received FedRAMP® JAB certification as part of the Zoom for Government platform, in June of 2024. Now, U.S. federal agencies, state and local municipalities, and approved businesses and organizations that support U.S. government missions with paid Zoom accounts will have a FedRAMP-authori
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The Nasdaq 100 closed lower by over 180 points during Friday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Bank of America The Trade: Bank of America Corporation (NYSE:BAC) CEO Sundar Pichai sold a total of 33,890,927 sh
Zoom Video Communications Inc (NASDAQ:ZM), the company behind the popular Zoom platform, went public in April 2019, raising $357M. During the height of the COVID-19 pandemic, Zoom became a superstar, with its stock value soaring by almost 900% in a single year. However, in 2020, the FBI, Google, and SpaceX raised concerns about Zoom's encryption practices. Following the news about their encryption practices, Zoom's stock price dropped to $150, and they faced a lawsuit from investors. In October 2023, Zoom reached a settlement with shareholders to pay $150M to affected investors. All affected investors can file a claim to receive the payment. After resolving all the lawsuits, the main
Piper Sandler analyst James Fish maintains Zoom Video Comms (NASDAQ:ZM) with a Neutral and lowers the price target from $72 to $68.
Zoom Video Comms's (NYSE:ZM) short percent of float has risen 8.38% since its last report. The company recently reported that it has 9.88 million shares sold short, which is 3.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume MAXN PUT SWEEP BEARISH 07/05/24 $1.00 $126.9K 17.4K 55.2K NVDA CALL SWEEP
On Tuesday, June 25, 2024, Cathie Wood-led Ark Invest made significant trades in NVIDIA Corp (NASDAQ:NVDA) and Roku Inc (NASDAQ:ROKU), amidst considerable market volatility. These trades were part of a series of transactions carried out by Ark’s various ETFs. The NVIDIA Trade The firm’s ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) sold 33,834 NVIDIA shares on Tuesday. The transaction was valued at $4.3 million. On the day, Nvidia shares closed 6.8% higher at $126.09. This move comes in the wake of a significant market cap loss for the tech giant, which saw a $550 billion drop since Thursday. Despite this, NVIDIA managed to rebound by over 6% on Tuesday, regaining its positio
On Tuesday, Brussels accused Microsoft Corp (NASDAQ:MSFT) of engaging in anti-competitive behavior by bundling its Teams app with its Office suite. The EU’s charge sheet alleges that this bundling gives Teams an undue advantage, harming competitors such as Atlassian Corp’s (NASDAQ:TEAM) Slack and Zoom (NASDAQ:ZM), Reuters reports. On Tuesday, the European Union issued a formal charge sheet to Microsoft, outlining concerns that integrating Teams with Office unfairly disadvantages other video conferencing apps. Also Read: Nvidia CEO Predicts $1 Trillion Overhaul for AI Data Centers Margrethe Vestager, the EU’s executive vice president for competition policy, stated that if Microsof
The year 2024 has seen some eye-popping contrasts in the tech industry. While Tesla Inc (NASDAQ:TSLA) is leading massive layoffs, cutting 14% of its workforce, other tech giants such as Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) are busy bumping up executive salaries by millions. Tesla's Massive Layoffs Let’s start with Tesla. The electric vehicle pioneer has slashed 14,500 jobs, a 14% reduction in its workforce. CEO Elon Musk cited inefficiencies as the reason behind the cuts, though plans to reinstitute stock options for exceptional performance were also mentioned. But Tesla isn’t alone — other big names in tech are trimming their workforce too, includin
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Wells Fargo cut the price target for Zoom Video Communications, Inc. (NASDAQ:ZM) from $60 to $55. Wells Fargo analyst Phil Winslow maintained an Underweight rating. Zoom Video shares gained 3.7% to close at $58.31 on Thursday. See how other analysts view this stock. BMO Capital slashed the price target for Winnebago Industries, Inc. (NYSE:WGO) from $80 to $75. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating. Winnebago shares fell 3.5% to close at $54.69 on Thursday. See ho
SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications (NASDAQ:ZM), today announced that Michelle Chang has been appointed as its Chief Financial Officer (CFO), effective October 7, 2024. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization. Reporting directly to Zoom's founder and CEO Eric S. Yuan, Chang will be responsible for overseeing Zoom's financial strategy, and will lead the global finance organization, including investor relations, tax, accounting and FP&A. Chang will succeed Kelly Steckelberg, who as previously announced
SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) announced that it has appointed Mike Fenger, vice president Worldwide Sales, Apple, as an independent director on Zoom's Board of Directors effective immediately. "Zoom plays an important role connecting people around the world, and I'm excited to join the Board and contribute to its future success," said Mike Fenger, vice president Worldwide Sales, Apple. "Eric Yuan has built a great team and the company's dedication to driving innovative technology is inspiring. I'm really looking forward to working with them." "On behalf of Zoom's Board of Directors, I am thrilled to welcome Mike to the
SAN MATEO, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced the appointment of Abe Smith as the company's Chief of Global Field Operations. He will be responsible for leading field sales worldwide as Freshworks grows upmarket and new business increasingly comes from field sales. Smith brings nearly 25 years of experience at public software companies Zoom, Oracle and Cisco (WebEx), leading teams responsible for building relationships to top enterprise customers and driving more than $1 billion in revenue. "Abe is an impressive leader who has successfully scaled field sales from local to international and mid market to enterprise. This makes him excep
SAN JOSE, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) announced that it has appointed Cindy Hoots, Chief Digital Officer and CIO of AstraZeneca, as an independent director on Zoom's Board of Directors effective immediately. "Zoom has changed the way companies around the world do business and is ushering in entirely new ways to transact business internationally," said Hoots. "Global leaders have the responsibility to ensure our ecosystem of employees, partners, customers, and our community can connect and collaborate seamlessly in a sustainably responsible way. I am thrilled to join Zoom's Board and CEO Eric Yuan, an inspirational leader with a str
SAN JOSE, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) announced that it has appointed Bill McDermott as an independent director on Zoom's Board of Directors effective March 1. McDermott will replace Bart Swanson, an early investor in Zoom who is stepping down from the Zoom Board following more than eight years of service. Bill McDermott is one of the most highly accomplished leaders in the technology industry. He currently serves as president, chief executive officer and director of market leading SaaS company ServiceNow. Over the course of his distinguished career, he has served as CEO of SAP and board of director roles for major global brands in
STAMFORD, Conn. & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mischler Financial Group, Inc., the oldest diversity-certified broker-dealer owned and operated by military veterans, today announced the appointment of Lt. General Herbert Raymond “H.R.” McMaster (Ret.), a Hoover Institution Senior Fellow and a former National Security Advisor to the President, as Special Advisor to the firm. General McMaster, whose distinguished military career extended over thirty-four years prior to his retirement in 2018, holds an M.A. and Ph.D. in American history, and serves as a guest lecturer at the Stanford University Graduate School of Business. He is also a member of the Board of Directors for
Wedbush resumed coverage of Zoom Video with a rating of Outperform and set a new price target of $85.00 from $80.00 previously
Rosenblatt upgraded Zoom Video from Neutral to Buy and set a new price target of $75.00
Jefferies initiated coverage of Zoom Video with a rating of Hold and set a new price target of $70.00
Exane BNP Paribas downgraded Zoom Video from Neutral to Underperform and set a new price target of $60.00
Wells Fargo downgraded Zoom Video from Equal Weight to Underweight and set a new price target of $70.00
Citigroup upgraded Zoom Video from Sell to Neutral and set a new price target of $66.00
HSBC Securities initiated coverage of Zoom Video with a rating of Buy and set a new price target of $83.00
MoffettNathanson upgraded Zoom Video from Underperform to Market Perform and set a new price target of $85.00
Rosenblatt initiated coverage of Zoom Video with a rating of Neutral and set a new price target of $75.00
MKM Partners downgraded Zoom Video from Buy to Neutral and set a new price target of $75.00 from $100.00 previously
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Second quarter total revenue of $1,162.5 million, up 2.1% year over year as reported and 2.4% in constant currencySecond quarter Enterprise revenue of $682.8 million, up 3.5% year over yearSecond quarter GAAP operating margin of 17.4% and non-GAAP operating margin of 39.2%Second quarter operating cash flow of $449.3 million, up 33.7% year over yearRepurchased approximately 4.8 million shares of common stock in Q2 SAN JOSE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the second fiscal quarter ended July 31, 2024. "In Q2, we outperformed our guidance across the board and grew operating cash flow and free c
First quarter total revenue of $1,141.2 million, up 3.2% year over year as reported and 3.5% in constant currencyFirst quarter Enterprise revenue of $665.7 million, up 5.3% year over yearFirst quarter GAAP operating margin of 17.8% and non-GAAP operating margin of 40.0%First quarter operating cash flow of $588.2 million, up 40.6% year over yearRepurchased approximately 2.4 million shares of common stock SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the first fiscal quarter ended April 30, 2024. "In Q1, we continued to integrate AI across our platform including Zoom Contact Center and Zoom Workplace, o
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 18, 2023. The following six companies will be added to the Index: CDW Corporation (NASDAQ:CDW), Coca-Cola Europacific Partners plc (NASDAQ:CCEP), DoorDash, Inc. (NASDAQ:DASH), MongoDB, Inc. (NASDAQ:MDB), Roper Technologies, Inc. (NASDAQ:ROP), and Splunk Inc. (NASDAQ:SPLK). The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launched along with the Nasdaq Fina
Third quarter total revenue of $1,136.7 million, up 3.2% year over year as reported and 3.5% in constant currencyThird quarter Enterprise revenue of $660.6 million, up 7.5% year over yearThird quarter GAAP operating margin of 14.9% and non-GAAP operating margin of 39.3%Third quarter operating cash flow of $493.2 million, up 67.0% year over yearNumber of customers contributing more than $100,000 in trailing 12 months revenue up 13.5% year over year SAN JOSE, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the third fiscal quarter ended October 31, 2023. "In Q3, revenue came in ahead of guidance as we bolstered Zo
Second quarter total revenue of $1,138.7 million, up 3.6% year over year as reported and 4.5% in constant currencySecond quarter Enterprise revenue of $659.5 million, up 10.2% year over yearSecond quarter GAAP operating margin of 15.6% and non-GAAP operating margin of 40.5%Second quarter operating cash flow of $336.0 million, up 30.6% year over yearNumber of customers contributing more than $100,000 in trailing 12 months revenue up 17.8% year over year SAN JOSE, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the second fiscal quarter ended July 31, 2023. "Our mission of delivering limitless human connection rem
First quarter total revenue of $1,105.4 million, up 3% year over year as reported and 5% in constant currencyFirst quarter Enterprise revenue of $632.0 million, up 13% year over yearFirst quarter GAAP operating margin of 0.9% and non-GAAP operating margin of 38.2%Number of customers contributing more than $100,000 in trailing 12 months revenue up 23% year over year SAN JOSE, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the first fiscal quarter ended April 30, 2023. "The Zoom platform is designed to support limitless human connection to empower the modern workday and strengthen customer relationships.
SAN JOSE, Calif., April 14, 2023 (GLOBE NEWSWIRE) -- Behind work are workers. Real everyday people. People who work to live, not live to work. People who need a sense of belonging. It's a simple concept that often gets forgotten as priorities and demands take over the workday. With workforces looking much different than they did just a few years ago, leaders need to think differently to retain talent and maintain company culture. Today's workforce is hybrid and distributed – with people working from home, in an office, at a remote location, on the frontlines of a retail floor or warehouse, as a pilot or flight attendant in an airplane, a nurse in a healthcare clinic, or anything in betw
Third quarter total revenue of $1,101.9 million, up 5% year over year as reported and 7% in constant currencyThird quarter Enterprise revenue of $614 million, up 20% year over yearThird quarter GAAP operating margin of 6.0% and non-GAAP operating margin of 34.6%Number of customers contributing more than $100,000 in trailing 12 months revenue up 31% year over year SAN JOSE, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the third fiscal quarter ended October 31, 2022. "At Zoomtopia, we announced a number of innovations including Zoom Mail and Zoom Calendar, along with new partnerships that are expected to power
Second quarter total revenue of $1,099.5 million, up 8% year over yearSecond quarter GAAP operating margin of 11.1% and non-GAAP operating margin of 35.8%Number of customers contributing more than $100,000 in trailing 12 months revenue up 37% year over year SAN JOSE, Calif., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the second fiscal quarter ended July 31, 2022. "In Q2, we continued to gain traction as the platform of choice for enterprises looking to deliver flexible, productive solutions for collaboration and customer engagement," said Zoom founder and CEO, Eric S. Yuan. "Businesses are drawn to the Zoom platfor
First quarter total revenue of $1,073.8 million, up 12% year over yearFirst quarter GAAP operating margin of 17.4% and non-GAAP operating margin of 37.2%First quarter net cash provided by operating activities of $526.2 million, a 49.0% marginNumber of customers contributing more than $100,000 in trailing 12 months revenue up 46% year over year SAN JOSE, Calif., May 23, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the first fiscal quarter ended April 30, 2022. "In Q1, we launched Zoom Contact Center, Zoom Whiteboard and Zoom IQ for Sales, demonstrating our continued focus on enhancing the customer experience and promoting hybr