By Connor Hart
Zoom Communications logged higher profit and revenue in the first quarter, boosted by customers leaning on the company to increase efficiencies and improve experiences.
The video-conferencing platform posted a profit of $254.6 million, or 81 cents a share, for its three months ended April 30, compared with $216.3 million, or 69 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings came in at $1.43, ahead of the $1.31 that analysts polled by FactSet expected.
Revenue rose 2.9% to $1.17 billion, in line with analyst models.
"In an uncertain macro-economic environment, customers are turning to Zoom to drive efficiency, improve customer and employee experiences, and future-proof their businesses," Chief Executive Eric Yuan said. He noted that new product launches also contributed to growth.
For its second quarter, Zoom guided for adjusted per-share earnings of $1.36 to $1.37 on revenue of $1.195 billion to $1.2 billion. Analysts are looking for adjusted earnings of $1.35 a share on sales of $1.19 billion.
For its fiscal 2026, the company now expects adjusted per-share earnings of $5.56 to $5.59, up from a prior outlook for $5.34 to $5.37. It forecast sales of $4.8 billion to $4.81 billion, compared with a previous view of $4.79 billion to $4.8 billion. Wall Street projected adjusted earnings of $5.39 a share, as well as revenue of $4.79 billion.
Shares rise 0.7%, to $82.84, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 21, 2025 16:34 ET (20:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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