Zoom (NASDAQ:ZM) released its Q2 financial results yesterday. The company’s earnings per share (EPS) for the quarter amounted to $1.34, surpassing the Street estimate of $1.06.
Zoom’s revenue experienced year-over-year growth of 3.6% (or 4.5% on a constant currency basis), reaching $1.14 billion, which exceeded the Street estimate of $1.11 billion. Within this, Enterprise revenue saw a 10.2% increase year-over-year, reaching $659.5 million. However, Online revenue experienced a 4.3% decrease, totaling $479.2 million.
Looking ahead to the third quarter of fiscal year 2024, Zoom projects an EPS falling within the range of $1.07 to $1.09, surpassing the Street estimate of $1.03. Additionally, the company anticipates revenue in the range of $1.115 billion to $1.12 billion, slightly below the consensus of $1.13 billion.
For the full year, Zoom forecasts an EPS within the range of $4.63 to $4.67, surpassing the Street estimate of $4.30. Revenue for the full year is projected to fall within the range of $4.485 billion to $4.495 billion, compared to the Street estimate of $4.48 billion.