Zoom Communications Inc.
(NASDAQ:ZM) on Thursday reported better-than-expected first-quarter financial results and raised its FY27 guidance.
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.
"Customers are increasingly adopting Zoom as an AI-first system of action for modern work, with AI Companion paid users growing 184% year over year, and My Notes reaching 1.5 million licensed users within just four months of launch," said Eric Yuan, founder and CEO of Zoom.
