![]() ![]() The number of Enterprise customers grew 18% Y/Y to approximately 204,100. Q2 saw strong growth in Zoom Meetings and Zoom Phone, coupled with contributions from Zoom Rooms and other products. Several customers contributed more than $100k in trailing 12 months' revenue, up 37% Y/Y. Actual sales of $1.09bn missed FactSet analyst consensus estimates of $1.11bn and guidance of $1.11bn to $1.12bn. Company EPS results came in at $1.05, beating FactSet analyst consensus estimates of $0.95 and guidance of $0.90 to $0.92. Zoom Video Communications reported its Q2 earnings on August 22, 2022, for the quarter ending July 2022. Zoom appeared in last week’s VTM earnings preview. ZOOM STOCK PLUSSolvvy is a private tech company specializing in customer support automation, adding customer service capabilities to Zoom plus conversational AI capabilities. On May 19, 2022, Zoom acquired Solvvy, Inc., for $121.2m in cash. Yuan in 2011 and is headquartered in San Jose, California. Zoom Video Communications was founded by Eric S. Its public cloud lets the company provide high-quality, high-definition, real-time video to its customers even in low-bandwidth environments. The company operates 27 co-located data centers worldwide. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences. ZM serves the education, finance, government, and healthcare industries. Since then, its popularity has waned, but many businesses still favor its suite of easy-to-use communications tools, including HD video, voice, chat, webinar facilitation, and content sharing through mobile devices, desktops, laptops, telephones and conference room systems. The company soared in popularity during the work-from-home boom of the pandemic. Zoom Video Communications serves customers worldwide. The company offers an easy-to-use communication platform and solutions for video meetings, phone calls, whiteboarding, and annotation for users to connect with anyone from anywhere. operates as a communications technology company. Will that be enough to bring decent shareholder returns to those retail investors getting in now? What Is Zoom Video Communications? The investment firm’s Zoom Investment thesis is based on the belief that Zoom’s enterprise customers will make up most of its business by the end of 2026. Cathie Wood’s ARK Invest remains a fan of Zoom Video Communications ( NASDAQ: ZM) stock. ![]()
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