Zoom Video Communications, Inc.Condensed Consolidated Statements of Operations(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, in thousands), Zoom Video Communications, Inc.Reconciliation of GAAP to Non-GAAP Measures(Unaudited, in thousands, except share and per share amounts), Zoom Reports Financial Results for the Third Quarter of Fiscal Year 2022. The Investor Relations website contains information about Zoom Video Communications, Inc.'s business for stockholders, potential investors, and financial analysts. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Approximately 512,100 customers with more than 10 employees, up approximately 18% from the same quarter last fiscal year. In some cases, you can identify forward-looking statements by terms such as anticipate, believe, estimate, expect, intend, may, might, plan, project, will, would, should, could, can, predict, potential, target, explore, continue, or the negative of these terms, and similar expressions intended to identify forward-looking statements. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54% year-over-year growth, alongside strong profitability and operating cash flow growth. In some cases, you can identify forward-looking statements by terms such as anticipate, believe, estimate, expect, intend, may, might, plan, project, will, would, should, could, can, predict, potential, target, explore, continue, or the negative of these terms, and similar expressions intended to identify forward-looking statements. Visit zoom.com and follow @zoom. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zooms core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zooms business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. June 01, 2021 16:05 ET | Source: Zoom Video Communications, Inc. . Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between, Full Fiscal Year 2022: Total revenue is expected to be between. ZM - Free Report) is slated to release third-quarter fiscal 2023 results on Nov 21.Zoom expects third-quarter fiscal 2023 revenues in the range of $1.095 billion to $1.10 billion. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers and hosts, renewals or upgrades, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto, including the potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers, particularly as vaccines become widely available and distributed, and users return to work or school or are otherwise no longer subject to limitations on in-person meetings, as well as the impact of COVID-19 on the overall economic environment, any or all of which will have an impact on demand for remote work solutions for businesses as well as overall distributed, face-to-face interactions and collaboration using Zoom, delays or outages in services from our co-located data centers, and failures in internet infrastructure or interference with broadband access which could cause current or potential users to believe that our systems are unreliable. In Q3 FY 2021, Zoom's adjusted EPS increased 1,055.8%, the fastest pace since Q1 FY 2020. "At Zoomtopia, we announced a number of innovations including Zoom Mail and Zoom Calendar, along with new partnerships that are expected to power and enhance the modern . Zoom then determines the MRR related to customers who canceled or downgraded their subscription during the applicable quarter (Applicable Quarter MRR Churn). A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP. Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts. Copyright 2022 Zoom Video Communications, Inc. All rights reserved. Zoom excludes gains on strategic investments, net because given the size and volatility in the ongoing adjustments to the valuation of our strategic investments, we believe that excluding these gains or losses facilitates a more meaningful evaluation of our operational performance. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Zoom divides the Applicable Quarter MRR Churn by the applicable quarter Entry MRR to arrive at the MRR Churn rate for Online Customers for the applicable quarter. Conference call to be conducted on November 29, 2022 at 11 a.m. Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Conference call to be conducted on November 29, 2022 at 11 a.m. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the fourth quarter of fiscal year 2022 and full fiscal year 2022, Zoom's market position, and Zoom's growth strategy and . Net income per share attributable to common stockholders: Weighted-average shares used in computing net income per share attributable to common stockholders: Adjustments to reconcile net income to net cash provided by operating activities: Amortization of deferred contract acquisition costs, Losses (gains) on strategic investments, net, Provision for accounts receivable allowances, Amortization of discount/premium on marketable securities. Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). Profitability slumped, with operating income landing at $375 million over . Our customers are increasingly looking to Zoom to help them enable flexible work environments and empower authentic connections and collaboration. Zoom calculates online average monthly churn by starting with the Online customer MRR as of the beginning of the applicable quarter (Entry MRR). SAN JOSE, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the third fiscal quarter ended October31, 2022. A supplemental financial presentation and other information can be accessed through Zooms investor relations website at investors.zoom.us. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0 million. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Deferred contract acquisition costs, current, Prepaid expenses and other current assets, Deferred contract acquisition costs, noncurrent, Accrued expenses and other current liabilities, Accumulated other comprehensive (loss) income, Total liabilities and stockholders equity, Income before provision for (benefit from) income taxes, Provision for (benefit from) income taxes, Undistributed earnings attributable to participating securities, Net income attributable to common stockholders. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0. Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023 November 21, 2022 PDF Version Third quarter total revenue of $1,101.9 million, up 5% year over year as reported and 7% in constant currency Third quarter Enterprise revenue of $614 million, up 20% year over year For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months. Zoom Video Communications, Inc.Condensed Consolidated Statements of Operations(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, in thousands), Zoom Video Communications, Inc.Reconciliation of GAAP to Non-GAAP Measures(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023. Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption Risk Factors and elsewhere in our most recent filings with the Securities and Exchange Commission (the SEC), including our quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2022. Third . The green flag: Financial strength. ZoomLion financials, including financial statements for 2022, basic ratios and analysis of ZoomLion account historical trends Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zooms condensed consolidated financial statements prepared in accordance with GAAP. ZM Quick Quote. A trailing 12-month net dollar expansion rate for Enterprise customers of 117%. Financial Outlook: Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022. As of 2022, the total cash from investing activities was -2.86B and total cash from financing activities was 34.07M. Zoom was one of the fastest growing apps of the . Third Quarter 2022 Highlights (All Figures in Thousands in USD) For the three months ended September 30, 2022, revenues were $9,790, as compared to $15,961 for the three months ended September 30 . Get access to valuable data such as who is attending your Zoom meetings with a full list of meeting participants. Non-GAAP Income From Operations and Non-GAAP Operating Margin. Second Quarter Fiscal Year 2022: Total revenue is. Second Quarter Fiscal Year 2022 Financial Highlights: Revenue: Total revenue for the second quarter was $1,021.5 million, up 54% year over year. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. ET. Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts. Zoom then divides that amount by three to calculate the online average monthly churn. In Q3, we held our premier user event, Zoomtopia, on our Zoom Events service. Through innovation and dedication, we will continue to deliver happiness to our customers. Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $82.4 million and $59.7 million as of October31, 2022 and January31, 2022, respectively. Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Net income per share attributable to common stockholders: Weighted-average shares used in computing net income per share attributable to common stockholders: Adjustments to reconcile net income to net cash provided by operating activities: Amortization of deferred contract acquisition costs, Provision for accounts receivable allowances. It expects adjusted. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zooms core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zooms business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry. ET. SAN JOSE, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) Zoom Video Communications, Inc. , today announced financial results for the third fiscal quarter ended October 31, 2022. Investors are invited to join the Zoom Video Webinar by visiting:https://investors.zoom.us/. Zoom will host a Zoom Video Webinar for investors on November21, 2022 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the companys financial results, business highlights and financial outlook. First quarter total revenue of $956.2 million, up 191% year over year. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, litigation settlements, net, gains on strategic investments, net, and undistributed earnings attributable to participating securities. ET The MarketWatch News Department was not involved in. Colleen RodriguezGlobal Public Relations Lead for Zoompress@zoom.us, Tom McCallumHead of Investor Relations for Zoominvestors@zoom.us, Zoom Video Communications, Inc.Condensed Consolidated Balance Sheets(In thousands). The revised outlook reflects the global financial slowdown which is affecting advertising budgets. Financial Outlook: Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022. The 2022 annual cash flow statement of Zoom Video Communications, Inc. showed that the net income increased by $703.32M (105%) compared to previous reporting period. We believe our global brand, innovative technologies, and large customer base position us well for the future.. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. A trailing 12-month net dollar expansion rate in customers with more than 10 employees above 130% for the 14th consecutive quarter. At the end of the third quarter of fiscal year 2022, Zoom had: Financial Outlook:Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022. Non-GAAP Income From Operations and Non-GAAP Operating Margins. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. Forward-Looking StatementsThis press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the fourth quarter of fiscal year 2023 and full fiscal year 2023, Zooms free cash flow outlook, assumptions related to Section 174 tax legislation requiring capitalization of R&D expenses being repealed or deferred, Zooms market position, opportunities, and growth strategy, product initiatives and go-to market motions and the expected benefits resulting from the same, and market trends. Click Manage settings for more information and to manage your choices. Zoom excludes gains on strategic investments, net because given the size and volatility in the ongoing adjustments to the valuation of our strategic investments, we believe that excluding these gains or losses facilitates a more meaningful evaluation of our operational performance. Zoom defines Enterprise customers as distinct business units who have been engaged by either Zooms direct sales team, channel partners or independent software vendor partners. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0. The outlook is based on assumptions, each of which management considers to be reasonable, which are set out in the MD&A. Income from Operations and. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months. 3 min read. Zoom excludes stock-based compensation expense because it is non-cash in nature and excluding this expense provides meaningful supplemental information regarding Zooms operational performance and allows investors the ability to make more meaningful comparisons between Zooms operating results and those of other companies. Zoom defines non-GAAP weighted-average shares used to compute non-GAAP net income per share, basic and diluted, as GAAP weighted average shares used to compute net income per share attributable to common stockholders, basic and diluted, adjusted to reflect the common stock issued in connection with the IPO, including the concurrent private placement, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability. Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zooms financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Free Cash Flow. Zoom defines revenue in constant currency as GAAP revenue adjusted for revenue reported in currencies other than United States dollars as if they were converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods. Adjusted EPS rose 11.4% compared to the year-ago quarter, the slowest pace since the company reported a decline in. M embers of the account can review meeting statistics and reports on . Zoom Video Communications, Inc. Third quarter total revenue of $1,101.9 million, up 5% year over year as reported and 7% in constant currency. Zoom calculates ARR by taking the monthly recurring revenue (MRR) and multiplying it by 12. Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. Third . Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billionand $1.053 billionand non-GAAP income from operations is expected to be between $361.0 millionand $363.0 million. Visit zoom.com and follow @zoom. Revenue rose 366.5% compared to the year-ago quarter, marking the fastest pace of growth since at least Q1 . Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. The Reports section of the Zoom web portal is a powerful tool that provides account owners and admins with various account, meeting, and webinar statistics to review how your organization is utilizing Zoom. Fourth Quarter Fiscal Year 2023: Total revenue is expected to be between, Full Fiscal Year 2023: Total revenue is expected to be between. Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023 Published: Nov. 21, 2022 at 4:05 p.m. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom's operating results. Copyright 2022 Zoom Video Communications, Inc. All rights reserved. VANCOUVER, BC, Nov. 22, 2022 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF ) and its wholly-owned subsidiary . Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. In order to calculate non-GAAP net income per share, basic and diluted, Zoom uses a non-GAAP weighted-average share count. SAN JOSE, CA - November 21, 2022 - Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the third fiscal quarter ended October 31, 2022. . Income from Operations and Operating Margin:. Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zooms financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Dies geschieht in Ihren Datenschutzeinstellungen. All other customers that subscribe to our services directly through our website are referred to as Online customers. Colleen RodriguezHead of Global Public Relations and Executive Communicationspress@zoom.us, Tom McCallumHead of Investor Relationsinvestors@zoom.us, Zoom Video Communications, Inc.Condensed Consolidated Balance Sheets(In thousands). 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