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4q20’s revenue was $880 million, and its net profit increased 16 times year on year From Zoom

The following is the 4q20’s revenue was $880 million, and its net profit increased 16 times year on year From Zoom recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Mobile Internet, network service.

In the early morning of March 2, 2021, video conference software developer zoom today announced its financial results for the fourth quarter and the whole year of fiscal year 2021. According to the report, the total revenue of zoom in the fourth quarter was $882.5 million, an increase of 369% compared with $188.3 million in the same period of last year; the net profit was $260.6 million, compared with $15.34 million in the same period of last year; the net profit attributable to common shareholders of the company was $260.4 million, an increase of 16 times compared with $15.31 million in the same period of last year.

Zoom’s performance in the fourth quarter and the whole fiscal year 2021 exceeded Wall Street analysts’ expectations, and its performance outlook for the first quarter of fiscal year 2022 and the whole fiscal year of fiscal year 2022 also exceeded expectations, driving its after hours share price up more than 9%.

Summary of fourth quarter results:

In the quarter ended January 31, 2021, zoom’s net profit was $260.6 million, compared with $15.34 million in the same period of last year; its net profit attributable to common shareholders was $260.4 million, up 16 times from $15.31 million in the same period of last year; its diluted earnings per share attributable to common shareholders was $0.87, compared with $0.05 in the same period of last year Dollars.

Not in accordance with U.S. general accounting standards (excluding equity incentive expenses and related payroll taxes, common stock charitable donation related expenses and merger and acquisition related expenses), zoom’s adjusted net profit in the fourth quarter was $365.4 million, with diluted earnings per share of $1.22, compared with the adjusted net profit of $43.23 million and diluted earnings per share of $0.15 in the same period of last year, which is far more than the previous year Analysts had expected. According to the data provided by Yahoo Finance Channel, 24 analysts had expected the adjusted diluted earnings per share of zoom to reach $0.79 in the fourth quarter on average.

Zoom’s total revenue in the fourth quarter was $882.5 million, up 369% from $188.3 million in the same period last year, which also exceeded analysts’ expectations. According to the data provided by Yahoo Finance Channel, 22 analysts had expected the fourth quarter revenue of zoom to reach 8117.7 million US dollars on average.

Zoom’s fourth quarter revenue cost was $267.3 million, compared with $32.55 million a year earlier. Zoom’s gross profit in the fourth quarter was $615.2 million, compared with $155.7 million a year earlier.

Zoom’s operating expenses in the fourth quarter were $359.1 million, compared with $145.2 million a year earlier. Among them, R & D expenditure was US $52.38 million, compared with us $20.67 million in the same period of last year; sales and marketing expenditure was US $214 million, compared with us $100.9 million in the same period of last year; general and administrative expenditure was US $92.69 million, compared with us $23.58 million in the same period of last year.

Zoom’s fourth quarter operating profit was $256.1 million, compared with $10.55 million a year earlier. Not in accordance with U.S. GAAP (excluding equity incentive expenses and related payroll taxes, common stock charitable donation related expenses, and merger and acquisition related expenses), zoom’s adjusted operating profit was $360.9 million in the fourth quarter, compared with $38.45 million in the same period last year. Zoom’s operating profit margin in the fourth quarter was 29.0%, which was 40.9% after adjustment not in accordance with US GAAP.

Customer indicators:

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

– the total number of customers with more than 10 employees was about 467100, an increase of about 470% over the same period of last year;

– 1644 customers contributed more than $100000 in revenue in the past 12 months, an increase of about 156% over the same period last year;

– the net dollar expansion rate of customers with more than 10 employees in the past 12 months exceeded 130% for the 11th consecutive quarter.

Cash related news:

Zoom’s net cash from operating activities was $399.4 million in the fourth quarter, compared with $3660 trillion a year earlier. Zoom’s free cash flow in the fourth quarter was $377.9 million, compared with $26.6 million a year earlier.

As of April 30, 2021, the total amount of cash, cash equivalents and securities (excluding restricted cash) held by zoom was $4244.7 million.

Summary of fy2021 results:

In the entire 2021 fiscal year, zoom’s total revenue was $2651.4 million, an increase of 326% compared with the previous fiscal year, exceeding analysts’ expectations. According to the data provided by Yahoo Finance Channel, 25 analysts had expected the annual revenue of zoom to reach $2.58 billion on average.

Zoom’s annual operating profit was $659.8 million, compared with $12.7 million in the previous fiscal year. Not in accordance with U.S. GAAP (excluding equity incentive expenses and related payroll taxes, common stock charitable donation related expenses and merger and acquisition related expenses), zoom’s adjusted operating profit for the whole year was $983.3 million, compared with $88.7 million in the previous fiscal year. Zoom’s operating profit margin for the whole year was 24.9%, which was 37.1% after adjustment not in accordance with US GAAP.

For the whole year, zoom’s net profit attributable to common shareholders was $671.5 million, with diluted earnings per share of $2.25, compared with net profit attributable to common shareholders of $21.7 million, with diluted earnings per share of $0.09 in the same period last year.

Not in accordance with the U.S. general accounting standards (excluding equity incentive expenses and related payroll taxes, common stock charitable donation related expenses, and merger and acquisition related expenses), zoom’s adjusted net profit for the whole year was $995.7 million, with diluted earnings per share of $3.34, compared with the adjusted net profit of $101.3 million and diluted earnings per share of $0.35 in the same period of the next year, which exceeded the performance standard Analysts expected. According to the data provided by Yahoo Finance Channel, 25 analysts had expected the adjusted earnings per share of zoom for the whole year to reach $2.91 on average.

Zoom’s net cash from operating activities for the year was $1471.2 million, compared with $151.9 million in the previous fiscal year. Zoom’s free cash flow for the year was $1391.2 million, compared with $113.8 million in the previous fiscal year.

Performance Outlook:

Zoom predicts that the total net revenue in the first quarter of 2022 fiscal year is expected to reach US $900 million to US $905 million, the operating profit not in accordance with US GAAP is expected to reach US $295 million to US $300 million, and the diluted earnings per share not in accordance with US GAAP is expected to reach US $0.95 to US $0.97, which is far beyond analysts’ expectations. According to the data provided by Yahoo Finance Channel, 23 analysts had expected the average earnings per share of zoom in the first quarter to reach $0.72, while 21 analysts expected the average revenue of zoom in the first quarter to reach $80478 million.

Zoom also expects total net revenue to reach $3.760 billion to $3.780 billion in fiscal 2022, operating profit not in accordance with U.S. general accounting standards to reach $1.125 billion to $1.145 billion, and diluted earnings per share not in accordance with U.S. general accounting standards to reach $3.59 to $3.65, which is far beyond analysts’ expectations. According to the data provided by Yahoo Finance Channel, 26 analysts had expected the full year earnings per share of zoom to reach $2.96 on average, and 26 analysts expected the full year revenue of zoom to reach $2.6 billion on average.

Stock price reaction:

Zoom shares rose $36.05, or 9.65%, to close at $409.66 in regular NASDAQ trading. In the subsequent after hours trading up to 4:34 p.m. EST on Monday (5:34 a.m. Beijing time on Tuesday), zoom’s shares rose again by $38.57, or 9.42%, to $448.23. In the past 52 weeks, zoom’s highest price was $588.84 and its lowest price was $100.88.

Zoom: 1q20 Revenue $328.2 million, up 169% year on year Zoom:2Q20 Total revenue of $663.5 million, up 355% year on year Zoom:1Q20 Financial report teleconference video conference market is bigger than expected, don’t worry about competition zoom: video conference spicy chicken under epidemic situation Year on year revenue growth of 169% zoom: 4q19 revenue growth of 78% to 188 million US dollars? AWS says zoom continues to use AWS service brightcove: Asian Ott survey in 2019 zoom: Q2 zoom’s revenue in fiscal year 2021 increased by 355% compared with the same period last year Synergy research: Video Conference and collaboration market will exceed US $6 billion in 2019

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