Zoom's Q3 revenue up 3.2% to $1.1B - Breaking The News

Zoom's Q3 revenue up 3.2% to $1.1B

20 November

1 min read

UNSPLASH / MOURIZAL ZATIVAMOURIZAL

Zoom Video Communications Inc. said on Monday that its revenue in the third quarter of fiscal 2024 landed at $1.1 billion, increasing by 3.2% compared to the same period a year earlier.

Net income attributable to common stockholders skyrocketed 192% year on year to $141 million, or $0.45 per diluted share. Meanwhile, the company's revenue in the nine-month period ended on October 31 stood at $3.4 billion, while its diluted earnings per share reached $1.10.

"In Q3, revenue came in ahead of guidance as we bolstered Zoom’s all-in-one intelligent collaboration platform with advanced new capabilities like Zoom AI Companion and continued to evolve our customer and employee engagement solutions," CEO Eric S. Yuan said.

Zoom shares climbed by 2.50% in after-hours trading after the release of the report.

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