Zoom Communications reported third-quarter total revenue of $1,229.8 million, with a 4.4% year-over-year increase in constant currency.
The company's GAAP EPS rose to $2.01, a significant 204.5% increase compared to the previous year.
Zoom's disciplined approach led to top-line growth, stellar profitability, and lower dilution, transforming AI innovation into lasting value for customers and shareholders.
Revenue Growth
Total revenue increased by 4.4% year over year, reaching $1,229.8 million in the third quarter.
Earnings Per Share
GAAP EPS surged to $2.01, marking a remarkable 204.5% rise compared to the previous year.
Customer Expansion
The number of customers contributing more than $100,000 in trailing 12 months revenue grew by 9.2% year over year.
Cash Flow
Operating cash flow reached $629.3 million, up by 30.2% year over year, with a cash flow margin of 51.2%.
Stock Repurchase
Zoom repurchased approximately 5.1 million shares of common stock in Q3, with a total of 32.5 million shares repurchased under the current plan.
- Zoom's revenue growth demonstrates resilience and adaptability in a competitive market.
- The significant increase in GAAP EPS reflects operational efficiency and strategic decision-making by Zoom's management.
- The growth in customer base and cash flow showcases strong financial performance and market trust in Zoom's services.
Zoom Communications' third-quarter results reflect continued success in revenue growth, profitability, and customer expansion. The company's AI-first approach and strategic initiatives have positioned it for sustained growth and value creation in the market.