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Jan 31, 2021
Zoom Q4 2021 Earnings Report
Zoom's Q4 2021 earnings showcased substantial growth, driven by increased customer acquisition and expansion.
Key Takeaways
Zoom Video Communications reported a strong fourth quarter, with revenue up 369% year-over-year to $882.5 million. GAAP income from operations increased significantly, and the company's customer base expanded substantially. The company is optimistic about future growth.
Total revenue for the quarter was $882.5 million, up 369% year-over-year.
GAAP income from operations for the quarter was $256.1 million.
GAAP net income per share was $0.87 compared to $0.05 in Q4 2020.
Zoom had approximately 467,100 customers with more than 10 employees, up approximately 470% year-over-year.
Zoom
Zoom
Forward Guidance
Zoom provided guidance for Q1 2022 and full fiscal year 2022, projecting continued revenue growth and non-GAAP profitability.
Positive Outlook
- Q1 2022 total revenue is expected to be between $900.0 million and $905.0 million.
- Q1 2022 non-GAAP income from operations is expected to be between $295.0 million and $300.0 million.
- Q1 non-GAAP diluted EPS is expected to be between $0.95 and $0.97.
- FY 2022 total revenue is expected to be between $3.760 billion and $3.780 billion.
- FY 2022 non-GAAP income from operations is expected to be between $1.125 billion and $1.145 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.
- The potential effect on user growth rate once the impact of the COVID-19 pandemic tapers.
- Users return to work or school or are otherwise no longer subject to shelter-in-place mandates.
- Impact of COVID-19 on the overall economic environment.
- Delays or outages in services from our co-located data centers.