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Zoom
🇺🇸 NASDAQ:ZM
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•
Jul 31, 2021

Zoom Q2 2022 Earnings Report

Zoom achieved strong revenue growth and profitability, driven by acquiring new customers and expanding across existing customers.

Key Takeaways

Zoom Video Communications, Inc. reported a total revenue of $1,021.5 million for the second quarter, up 54% year over year. GAAP net income attributable to common stockholders for the second quarter was $316.9 million, or $1.04 per share, up from $185.7 million, or $0.63 per share in the second quarter of fiscal year 2021.

Total revenue for the second quarter was $1,021.5 million, up 54% year over year.

GAAP income from operations for the second quarter was $294.6 million, up from $188.1 million in the second quarter of fiscal year 2021.

GAAP net income attributable to common stockholders for the second quarter was $316.9 million, or $1.04 per share.

Total cash, cash equivalents, and marketable securities as of July 31, 2021 was $5.1 billion.

Total Revenue
$1.02B
Previous year: $664M
+53.9%
EPS
$1.36
Previous year: $0.92
+47.8%
Customers > $100k TTM Revenue
2.28K
Previous year: 988
+130.6%
Gross Profit
$760M
Previous year: $471M
+61.3%
Cash and Equivalents
$1.93B
Previous year: $749M
+157.9%
Free Cash Flow
$455M
Previous year: $373M
+21.9%
Total Assets
$6.51B
Previous year: $2.62B
+148.0%

Zoom

Zoom

Forward Guidance

Zoom is providing the following guidance for its third quarter fiscal year 2022 and its full fiscal year 2022.

Positive Outlook

  • Third Quarter Fiscal Year 2022: Total revenue is expected to be between $1.015 billion and $1.020 billion
  • Third Quarter Fiscal Year 2022: Non-GAAP income from operations is expected to be between $340.0 million and $345.0 million.
  • Third Quarter Fiscal Year 2022: Non-GAAP diluted EPS is expected to be between $1.07 and $1.08 with approximately 309 million non-GAAP weighted average shares outstanding.
  • Full Fiscal Year 2022: Total revenue is expected to be between $4.005 billion and $4.015 billion.
  • Full Fiscal Year 2022: Non-GAAP income from operations is expected to be between $1.500 billion and $1.510 billion.

Challenges Ahead

  • A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future
  • These factors could be material to Zoom's results computed in accordance with GAAP.
  • Declines in new customers and hosts
  • Competition from other providers of communications platforms
  • Continued uncertainty regarding the extent and duration of the impact of COVID-19

Company Overview

Full financial data and analysis

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