Zoom Communications Inc (NASDAQ:ZM) reported financial results for the first quarter after the market close on Thursday. Here’s a rundown of the communications company’s report.
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Zoom Q1 Earnings Highlights
Zoom reported revenue of $1.24 billion for the first quarter, beating the consensus estimate of $1.22 billion. The company posted first-quarter adjusted earnings of $1.55 per share, beating analyst estimates of $1.42 per share, according to Benzinga Pro.
Total revenue was up 5.5% on a year-over-year basis. Zoom said enterprise revenue increased 7.2% year-over-year to $755.7 million, and online revenue was up 2.8% year-over-year to $483.3 million.
