Zoom Communications Inc. reported financial results for the first quarter of fiscal year 2026, with total revenue reaching $1,174.7 million, marking a 2.9% increase compared to the previous year, and a 3.4% rise in constant currency terms. The company's Enterprise revenue rose by 5.9% year over year, amounting to $704.7 million. Zoom's GAAP operating margin stood at 20.6%, while the non-GAAP operating margin was 39.8%. The GAAP earnings per share $(EPS)$ increased by 18.7% year over year to $0.81, and the non-GAAP EPS rose by 6.0% to $1.43. Zoom also reported an 8.0% year-over-year growth in the number of customers contributing more than $100,000 in trailing 12 months revenue. Additionally, the company repurchased approximately 5.6 million shares of common stock during the first quarter, compared to 4.3 million shares in the previous quarter. CEO Eric S. Yuan highlighted the company's strong performance despite an uncertain macro-economic environment, emphasizing the role of Zoom's platform and AI-first innovation in driving efficiency and improving customer and employee experiences. The quarter also saw the launch of multiple new products and an acceleration in share repurchase activity, underscoring Zoom's commitment to shareholder value.
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