Video conferencing platform Zoom has announced the financial results for its second fiscal quarter, which ended 31 July 2022.
Financial highlights include:
• Revenue: Total revenue for Q2 was $1.1bn (£9.29m), up 8% year on year.
• Accounts: Q2 Generally Accepted Accounting Principles (GAAP) operating a margin of 11.1% and non-GAAP operating a margin of 35.8%.
• Customers: 3,116 customers contributing more than $100,000 (£84,412) in trailing 12 months revenue, up approximately 37% from the same quarter last fiscal year.
Explaining the financial results, Eric S. Yuan, CEO of Zoom, said: “In Q2, we continued to gain traction as the platform of choice for enterprises looking to deliver flexible, productive solutions for collaboration and customer engagement.”
He added that the launch of Zoom Contact Center, Zoom IQ for Sales, and Zoom Phone “helped deliver milestone results, hitting a record number of licenses sold in the quarter and reaching nearly 4m seats, up more than 100% year over year.”
What’s next?
Kelly Steckelberg, chief financial officer, Zoom, expects the platform to deliver a FY23 revenue in the range of $4.385bn (£3.70bn) to $4.395bn (£3.71bn).
She added: “We remain focused on operational discipline and continue to expect non-GAAP operating margin of approximately 33%.”
