Zoom reported fiscal fourth-quarter 2021 figures and forecast that soundly beat expectations
The company saw a revenue increase of 369%, bringing the figure to $882.5 million. The result came in higher than the $811.8 million forecasted. Also, Zoom revealed an adjusted EPS of $1.22, topping the 79 cents/share consensus.
Compared to the previous quarter increase of 354% in the number of users, in fiscal Q4, the growth was more considerable – 470%, bringing the number of customers to 467,100.
Zoom ended the quarter with $4.24 billion in cash, up from $1.87 billion the previous quarter.
For the fiscal first quarter of 2022, Zoom sees its EPS reaching a high of 95 cents on revenues of $905 million. Both figures exceed the figures touted by analysts: adjusted EPS of 72 cents on revenues of $829.2 million.
For the full 2022 fiscal year, the company expects its revenue to grow 42% to a high of $3.78 billion.
After the news hot the wires, Zoom stock price went up 11%. Since the beginning of the year, Zoom stock price added 22%, while USA500 gained less than 4%.
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.