Zoom Video Communications Inc. said on Monday that its revenue in the second quarter of 2023 landed at $1.1 billion, climbing 4% compared to the same period a year earlier.
Net income attributable to common stockholders skyrocketed 298% year on year to $182 million, or $0.59 per diluted share. Total operating expenses in the trimester amounted to $694.5 million. Meanwhile, adjusted earnings per share stood at $1.34.
"Our mission of delivering limitless human connection remains core as we continue to innovate and expand our platform to help bring value and enhanced productivity to our customers with new AI features like Zoom IQ Meeting Summary and Team Chat Compose, as well as Intelligent Director. I’m also proud of the team for reinventing modern customer experiences with Zoom Virtual Agent and Zoom Contact Center, which surpassed 500 customers in Q2," CEO Eric Yuan stated.
Zoom shares rallied 7% in after-hours trading on better-than-expected results.
