Zoom FY27 Q1 GAAP net income rises to $425.7 million; revenue climbs 5.5% to $1.24 billion

Zoom Video Communications

Zoom Video Communications

ZM

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  • Zoom posted first-quarter revenue of USD 1.24 billion, up 5.5% from a year earlier, as GAAP net income climbed to USD 425.68 million.
  • Diluted EPS rose to USD 1.42, while GAAP operating margin widened to 25.1%.
  • Enterprise revenue increased 7.2% to USD 755.7 million, with customers contributing more than USD 100,000 over the past 12 months rising 8.2% to 4,534.
  • Online average monthly churn ticked up to 3.0% from 2.8%, while the trailing 12-month net dollar expansion rate for Enterprise customers improved by 1 percentage point to 99%.
  • Zoom raised its common stock repurchase authorization by USD 1 billion, and forecast second-quarter revenue of USD 1.27 billion to USD 1.27 billion.


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