Zoom Q4 2022 Earnings Report
Key Takeaways
Zoom Video Communications announced its Q4 and FY2022 financial results. The company's Q4 revenue reached $1,071.4 million, a 21% increase year-over-year. GAAP net income attributable to common stockholders for the quarter was $490.5 million, or $1.60 per share. The company also authorized a stock repurchase program of up to $1.0 billion of Zoom’s Class A common stock.
Q4 revenue reached $1,071.4 million, up 21% year-over-year.
GAAP income from operations for Q4 was $251.8 million, a slight decrease from $256.1 million in Q4 2021.
GAAP net income attributable to common stockholders for Q4 was $490.5 million, or $1.60 per share.
Zoom authorized a stock repurchase program of up to $1.0 billion of its Class A common stock.
Zoom
Zoom
Forward Guidance
Zoom is providing the following guidance for its first quarter of fiscal year 2023 and its full fiscal year 2023. Total revenue is expected to be between $1.070 billion and $1.075 billion and non-GAAP income from operations is expected to be between $345.0 million and $350.0 million for Q1 2023. Total revenue is expected to be between $4.530 billion and $4.550 billion and non-GAAP income from operations is expected to be between $1.430 billion and $1.450 billion for FY 2023.
Positive Outlook
- Total revenue is expected to be between $1.070 billion and $1.075 billion for Q1 2023
- Non-GAAP income from operations is expected to be between $345.0 million and $350.0 million for Q1 2023
- First quarter non-GAAP diluted EPS is expected to be between $0.86 and $0.88
- Total revenue is expected to be between $4.530 billion and $4.550 billion for FY 2023
- Non-GAAP income from operations is expected to be between $1.430 billion and $1.450 billion for FY 2023