"IMO I think the numbers just okay… "
Hey Rick…you are a hard man to please! It seems like you and the market feel the same way. I hope it does pullback so that I can load up on a bit more.
Revenue soared 78% to $188.3 million from $105.8 million a year ago.
Total revenue was up 88% year-over-year to $622.7 million.
81,900 customers with at least 10 employees, a 61% improvement YoY.
21Q1 revenue guidance of between $199 million and $201 million, exceeding projected $185.6 million.
21FY Expecting between $905 million and $915 million, beating $869.5 million forecast.
Yuan deems the impact of COVID-19 on Zoom’s business as more than a temporary event.
“This will dramatically change the landscape of workers collaborating remotely”
“In the last 30 days alone, average daily downloads are up 90% versus the prior 30-day period, with greater user engagement as evidenced by a 17% increase in user session per day and a 3% increase in average session length,” Bernstein analyst Zane Chrane wrote in a note to clients last week. Zoom has already added more new active users this year than it did in 2019, he added.
Perhaps others agree with Rick and are skeptical of the performance; but for a long term play, I am excited.
Harley