KUALA LUMPUR – Zoom Video Communications Inc has announced financial results for the second fiscal quarter ending July 31.
“In the second quarter (Q2), we achieved our first billion-dollar revenue quarter while delivering strong profitability and cash flow,” said Zoom founder and chief executive officer Eric S. Yuan in a statement.
“Q2 also marked several milestones on our expansion beyond the UC platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service.”
Total revenue for the second quarter was US$1,021.5 million (RM4,243.1 million), up 54% year over year, while GAAP income from operations for the second quarter was US$294.6 million, up from US$188.1 million in Q2 of fiscal year 2021.
In addition, total cash, cash equivalents, and marketable securities, excluding restricted cash, as of July 31 was US$5.1 billion, while net cash provided by operating activities was US$468 million for the second quarter, compared with US$401.3 million in the second quarter of fiscal year 2021.
Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was US$455 million, compared to US$373.4 million in the second quarter of fiscal year 2021.
For the third quarter of fiscal year 2022, total revenue is expected to be between US$1.015 billion and US$1.02 billion, and non-GAAP income from operations is expected to be between US$340 million and US$345 million. Non-GAAP diluted EPS is expected to be between US$1.07 and US$1.08 with approximately 309 million non-GAAP weighted average shares outstanding.
For the full fiscal year of 2022, total revenue is expected to be between US$4.005 billion and US$4.015 billion. Non-GAAP income from operations is expected to be between US$1.5 billion and US$1.51 billion. Non-GAAP diluted EPS is expected to be between US$4.75 and US$4.79 with approximately 308 million non-GAAP weighted average shares outstanding.
A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website. – Bernama, September 1, 2021
