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Jul 31, 2023
Zoom Q2 2024 Earnings Report
Reported financial results for the second quarter of fiscal year 2024.
Key Takeaways
Zoom's total revenue for the second quarter was $1,138.7 million, up 3.6% year over year. GAAP EPS was $0.59 and non-GAAP EPS was $1.34. The company had approximately 218,100 Enterprise customers, up 6.9% year over year.
Total revenue for the second quarter was $1,138.7 million, up 3.6% year over year.
Enterprise revenue was $659.5 million, up 10.2% year over year.
GAAP operating margin was 15.6% and non-GAAP operating margin was 40.5%.
GAAP EPS was $0.59 and non-GAAP EPS was $1.34.
Zoom
Zoom
Forward Guidance
Zoom is providing the following guidance for its third quarter of fiscal year 2024 and its full fiscal year 2024. Total revenue is expected to be between $1.115 billion and $1.120 billion for Q3 2024 and between $4.485 billion and $4.495 billion for the full fiscal year 2024.
Positive Outlook
- Total revenue is expected to be between $1.115 billion and $1.120 billion for Q3 2024.
- Revenue in constant currency is expected to be between $1.117 billion and $1.122 billion for Q3 2024.
- Non-GAAP income from operations is expected to be between $400.0 million and $405.0 million for Q3 2024.
- Non-GAAP diluted EPS is expected to be between $1.07 and $1.09 for Q3 2024.
- Total revenue is expected to be between $4.485 billion and $4.495 billion for the full fiscal year 2024.