Go to Zoom Investor page to Zoom the Conference Call.
Game changer folks.
And that report. Just perfection.
More later
Go to Zoom Investor page to Zoom the Conference Call.
Game changer folks.
And that report. Just perfection.
More later
It is stellar for sure. https://seekingalpha.com/pr/17537600-zoom-video-communicatio…
First Quarter Fiscal 2020 Financial Highlights:
Revenue: Total revenue for the quarter was $122.0 million, up 103% year-over-year.
Operating Income and Operating Margin: GAAP income from operations for the first quarter was $1.6 million, up from a loss from operations of $1.7 million in the first quarter of fiscal 2019. After adjusting for non-cash, stock-based compensation expense, non-GAAP income from operations for the first quarter was $8.2 million, up from a non-GAAP loss from operations of $0.8 million in the first quarter of fiscal 2019. For the first quarter, GAAP operating margin was 1.3% and non-GAAP operating margin was 6.7%.
Approximately 58,500 customers with more than 10 employees, up approximately 86% from the same quarter last year.
405 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 120% from the same quarter last year.
A trailing 12-month net dollar expansion rate in customers with greater than 10 employees above 130% for the 4th consecutive quarter.
Financial Outlook: Zoom is providing the following guidance for its second quarter fiscal 2020 and its full year fiscal 2020.
Second Quarter Fiscal 2020: Total revenue is expected to be between $129 million and $130 million and non-GAAP income from operations is expected to be between $2.0 million and $3.0 million. Q2 non-GAAP EPS is expected to be approximately $0.01 to $0.02 with approximately 301 million non-GAAP weighted average shares outstanding.
Full Year Fiscal 2020: Total revenue is expected to be between $535 million and $540 million and non-GAAP income (loss) from operations is expected to be between $0.0 million and $3.0 million. Full year non-GAAP EPS is expected to be approximately $0.02 to $0.03 with approximately 301 million non-GAAP weighted average shares outstanding.
Something like $550m forecast for full year.
Would be about a 40-42 TTM P/S just at today’s prices…so obviously paying a deluxe premium here.
I wish it would have snuck under the radar a bit…but staying on sidelines for now.
Dreamer
First time for me too, to watch/listen a live video casted earnings call. Pretty cool.
They said their platform generate instant transcript of video conferences.
My little unfounded concern is their R&D center in China with >500 employees. With the scrutiny on natl security, will this become an issue?
I like that the CEO Eric owns >20% of total shares so he is eating his own cooking.
@HermioneW, China is a popular offshoring location for software development, like India. I wouldn’t read too much into it.
while I have watched Saul for many years on this board, he still amazes me with his uncanny ability to pick up winners at right time…
When Saul disclosed he has a small position in ZM at the end of May, I was still not convinced… ofcourse due to valuation… this ER (and stock price jump today) obviously proved Saul right again… hats off Saul.