Zoom revenue grows by 8%

Zoom has announced financial results for the second fiscal quarter ending July 31, 2022.

The company reported total revenue of $1,099.5 million, up 8 per cent year over year, with GAAP operating margin of 11.1 per cent and non-GAAP operating margin of 35.8 per cent. The number of customers contributing more than $100,000 in 12 months revenue was also up 37 per cent year over year.

Eric S. Yuan, founder and CEO, Zoom, said, “In Q2, we continued to gain traction as the platform of choice for enterprises looking to deliver flexible, productive solutions for collaboration and customer engagement.

“Businesses are drawn to the Zoom platform because of our innovation and modern architecture. Our recently launched Zoom Contact Center and Zoom IQ for Sales products saw some great early wins while Zoom Phone delivered milestone results, hitting a record number of licenses sold in the quarter and reaching nearly 4 million seats, up more than 100% year over year.”

Kelly Steckelberg, CFO, Zoom, added, “In Q2, we delivered our fifth straight quarter with revenue of over one billion dollars. While we saw continued momentum with our Enterprise customers and our non-GAAP operating income came in meaningfully higher than our outlook, our revenue was impacted by the strengthening of the U.S. dollar, performance of the online business, and to a lesser extent sales weighted to the backend of the quarter.

“Consequently, we are now expecting to deliver FY23 revenue in the range of $4.385 billion to $4.395 billion. We remain focused on operational discipline, and continue to expect non-GAAP operating margin of approximately 33 per cent.”