In 2020, the revenue of Q3 of zoom2020 is 777.2 million US dollars, and the net profit is 89 times higher than that of the same period of last year

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The following is the In 2020, the revenue of Q3 of zoom2020 is 777.2 million US dollars, and the net profit is 89 times higher than that of the same period of last year recommended by recordtrend.com. And this article belongs to the classification: Industry information.

Zoom’s revenue in the third quarter was $777.2 million, and its net profit increased 89 times year on year

In the early morning of December 1, Beijing time, zoom, a video conferencing software developer, released the company’s financial results for the third quarter of fiscal year 2021. According to the report, the total revenue of zoom in the third quarter was $777.2 million, an increase of 367% compared with that of $166.6 million in the same period of last year; the net profit attributable to common shareholders of the company was $198.4 million, a significant increase of 89 times compared with $2.207 million in the same period of last year.

Zoom’s third quarter results, as well as its fourth quarter and fiscal year 2021 outlook, exceeded Wall Street analysts’ expectations, but its share price still fell by more than 5% after hours.

Performance summary:

In the fiscal quarter ending October 31, 2020, zoom’s net profit attributable to common shareholders of the company was $198.4 million, a significant increase of 89 times from $2.207 million in the same period of last year; earnings per share was $0.66, compared with $0.01 in the same period last year.

In the third quarter, zoom’s adjusted net profit was $297.2 million, with earnings per share of $0.99, compared with the adjusted net profit of $25.2 million and earnings per share of $0.09 per share in the same period last year Yuan, the performance far exceeded analysts’ expectations. According to the data provided by Yahoo Finance Channel, 26 analysts had expected zoom’s earnings per share to reach $0.76 in the third quarter.

Zoom’s total revenue in the third quarter was $777.2 million, up 367% from $166.6 million in the same period last year, also exceeding analysts’ expectations. According to the data provided by Yahoo Finance Channel, 24 analysts had expected the third quarter revenue of zoom to reach 693.95 million US dollars.

Zoom’s cost of revenue in the third quarter was $192.3 million, compared with $27.9 million in the same period last year. Zoom’s gross profit in the third quarter was $471.2 million, compared with $117.9 million in the same period last year.

Zoom’s operating expenses in the third quarter were $283.1 million, compared with $115.7 million in the same period last year. Among them, R & D expenditure was US $42.7 million, compared with us $15.1 million in the same period last year; sales and marketing expenditure was US $159.2 million, compared with us $79.7 million in the same period last year; and general and administrative expenditure was $81.2 million, compared with $21 million in the same period last year.

Zoom’s operating profit in the third quarter was $192.2 million, compared with an operating loss of $1.7 million in the same period last year. Out of line with U.S. GAAP (excluding equity incentive expenses and related payroll taxes, as well as charitable contributions related to common stock), zoom’s adjusted operating profit in the third quarter was $290.8 million, compared with $21.3 million in the same period last year. Zoom’s operating profit margin in the third quarter was 24.7%, and the adjusted operating profit margin not in accordance with us gaap was 37.4%.

Customer indicators:

Drivers of total revenue include new customer acquisition and expansion of existing customer base. As of the end of the third quarter of fy2021, zoom has:

– the total number of customers with more than 10 employees was 433700, an increase of 485% compared with the same period last year;

– 1289 customers contributed more than $100000 in revenue in the past 12 months, an increase of about 136% over the same period last year;

– customers with more than 10 employees had a net dollar expansion rate of more than 130% in the past 12 months for the 10th consecutive quarter.

Cash related news:

Zoom’s net cash from business operations was $4115 million in the third quarter, compared with $61.9 million in the same period last year. Zoom’s free cash flow in the third quarter was $388.2 million, compared with $54.7 million in the same period last year.

As of April 30, 2020, zoom held a total of $1.9 billion in cash, cash equivalents and securities.

Performance Outlook:

Zoom expects total net revenue in the fourth quarter of fiscal year 2021 to reach $806 million to $811 million, operating profit not in accordance with US GAAP is expected to reach US $243 million to US $248 million, and diluted earnings per share not in accordance with US GAAP is expected to reach US $0.77 to US $0.79, which far exceeds analysts’ expectations. According to the data provided by Yahoo Finance Channel, 26 analysts had expected the average fourth quarter earnings per share of zoom to reach $0.66, while the average of 24 analysts expected the fourth quarter revenue of zoom to reach $730.11 million.

Zoom also predicts that the total net revenue in fiscal year 2021 is expected to reach $2575 million to $2.580 billion, the operating profit not in accordance with US GAAP is expected to reach US $865 million to US $870 million, and the diluted earnings per share not in accordance with US GAAP is expected to reach us $2.85 to US $2.87, which is far beyond analysts’ expectation. According to the data provided by Yahoo Finance Channel, 28 analysts had expected the annual earnings per share of zoom to reach $2.55, while the average of 26 analysts expected the annual revenue of zoom to reach $2.41 billion. Read more: zoom fully switch to Oracle cloud service? AWS says zoom continues to use AWS services heavily Zoom:2Q20 Total revenue was $663.5 million, up 355% year on year Zoom:1Q20 Financial report teleconference recorded video conference market is bigger than expected, not worried about competition Year on year increase 169% zoom: 4q19 revenue increased 78% to 188 million US dollars zoom: 3Q revenue increased 85% year on year due to epidemic situation A year-on-year decrease of 0.5% year-on-year decrease in investment in AI technology polishing algorithm recommendation engine headlines in 2020q1 R & D investment of 281 million yuan

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