Zoom Video (ZM) reported earnings on Thur 6 June 19 (a/h)

** charts before earnings ** 

 

** charts after earnings **

 

Zoom Video beats by $0.02, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY20 EPS and rev above consensus

• Reports Q1 (Apr) adj. earnings of $0.03 per share, $0.02 better than the S&P Capital IQ Consensus of $0.01; revenues rose 103.1% year/year to $122 mln vs the $111.66 mln S&P Capital IQ Consensus. 
• At the end of the first quarter of fiscal 2020, Zoom had: Approximately 58,500 customers with more than 10 employees, up ~86% from the same quarter last year. 405 customers contributing more than $100,000 in trailing 12 months revenue, up ~120% from the same quarter last year. A trailing 12-month net dollar expansion rate in customers with greater than 10 employees above 130% for the 4th consecutive quarter.
• Co issues upside guidance for Q2, sees EPS of $0.01-0.02, excluding non-recurring items, vs. $0.01 S&P Capital IQ Consensus; sees Q2 revs of $129-130 mln vs. $122.06 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY20, sees EPS of $0.02-0.03, excluding non-recurring items, vs. ($0.01) S&P Capital IQ Consensus; sees FY20 revs of $535-540 mln vs. $520.25 mln S&P Capital IQ Consensus.