Q1 zoom’s revenue in 2022 increased by 12% to USD 1.07 billion From Zoom financial report
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The shares of zoom, a video communication software provider, rose more than 10% after hours on Monday after the company reported that its first quarter profit was better than expected and issued optimistic performance guidelines. According to the financial report, zoom’s earnings per share in the first quarter was $1.03, and the market expected 87 cents; The revenue increased by 12% to US $1.07 billion, and the market expected US $1.07 billion, lower than the growth rate of nearly 200% in the same period of last year.
Zoom’s profit in the first quarter exceeded the market expectation, and gave the current quarter and full year performance guidance higher than the market expectation, which showed that the company could reduce costs in the case of slowing growth.
Zoom currently predicts that the revenue in the second quarter will be between us $1.115 billion and US $1.12 billion, with an increase of at least 9.2%, and the market is expected to increase by 8.7% to US $1.1 billion; Earnings per share are expected to be between 90 cents and 92 cents, higher than the 87 cents expected by the market.
Zoom also expects the revenue of the whole fiscal year to be between us $4.53 billion and US $4.55 billion, and the market is expected to be US $4.55 billion; Earnings per share are expected to be between $3.70 and $3.77, and the market is expected to be $3.53.
As of Monday’s closing, zoom’s share price has fallen by about 85% from its peak in October 2020, and has fallen by more than 50% so far this year.
Read more from the global market: zoom:2q20’s total revenue was $663.5 million, a year-on-year increase of 355%zoom:1q20’s revenue was $328.2 million, a year-on-year increase of 169% Increase by 741% zoom: Q2 zoom’s revenue in fiscal year 2021 increased by 355% zoom: 4q20’s revenue was US $880million, and its net profit increased by 16 times year-on-year zoom: video conference spicy chicken’s revenue in the first quarter of the epidemic increased by 169% zoom, which fully switched to Oracle cloud services? AWS said that zoom continued to use AWS services in large quantities zoom:4q19 revenue increased by 78% year-on-year to USD 188million zoom:3q revenue increased by 85% year-on-year to promote video conferencing. In the first quarter of 2021, zoom’s revenue increased by 191% year-on-year to USD 777.2 million in 2020, and its net profit increased by 89 times year-on-year. Momo: the net revenue of 2019 was RMB 17.015 billion, a year-on-year increase of 27%
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