ZOOM FINANCIAL RESULTS FOR SECOND QUARTER FISCAL YEAR 2022 REPORTED

KUALA LUMPUR, Sept 1 (Bernama) -- Zoom Video Communications Inc has announced financial results for the second fiscal quarter ended July 31.

“In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow,” said Zoom founder and chief executive officer, Eric S. Yuan in a statement.

“Q2 also marked several milestones on our expansion beyond the UC platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service.”

Total revenue for the second quarter was US$1,021.5 million, up 54 per cent year over year, while GAAP income from operations for the second quarter was US$294.6 million, up from US$188.1 million in the second quarter of fiscal year 2021. (US$1 = RM4.146)

In addition, total cash, cash equivalents, and marketable securities, excluding restricted cash, as of July 31 was US$5.1 billion, while net cash provided by operating activities was US$468.0 million for the second quarter, compared to US$401.3 million in the second quarter of fiscal year 2021.

Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was US$455.0 million, compared to US$373.4 million in the second quarter of fiscal year 2021.

For Third Quarter Fiscal Year 2022, total revenue is expected to be between US$1.015 billion and US$1.020 billion and non-GAAP income from operations is expected to be between US$340.0 million and US$345.0 million. Non-GAAP diluted EPS is expected to be between US$1.07 and US$1.08 with approximately 309 million non-GAAP weighted average shares outstanding.

For Full Fiscal Year 2022, total revenue is expected to be between US$4.005 billion and US$4.015 billion. Non-GAAP income from operations is expected to be between US$1.500 billion and US$1.510 billion. Non-GAAP diluted EPS is expected to be between US$4.75 and US$4.79 with approximately 308 million non-GAAP weighted average shares outstanding.

A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website.

-- BERNAMA