Looking ahead into the Q2, the company expects total revenue in the range of $495-500 million and adjusted earnings in the range of $0.44-0.46 per share. Analysts, on average, expected US$203 million, according to data compiled by Bloomberg. Sales for the full year, it said, are likely to be roughly $1.78 billion to $1.8 billion, reflecting demand for remote work.
Our now-obligatory earnings caveat: Analysts are contending with an extremely uncertain environment, so beating expectations is a little less straightforward these days. Also, the company earned 20 cents per share in the recent quarter, which is more than twice the analysts' estimate of 9 cents.
Zoom didn't share how many users overall it has, which is interesting given that company said in April it has 300 million daily users and then corrected itself by saying it's actually "300 million daily meeting participants", not users.
This story was first published on CNN.com, "Zoom's revenue soars 169% as people flock to service during pandemic".
Morel devrait retourner à Lorient, son club formateur — Mercato
Le natif de Lorient, qui espérait rempiler chez le troisième de Ligue 1, s'apprête donc à retrouver son club formateur. En effet, Christophe Pélissier serait sur le point d'arracher la signature de son ancien joueur Thomas Monconduit.
GAAP net income attributable to common stockholders for the quarter was $27.0 million, or $0.09 per share, compared to GAAP net income attributable to common stockholders of $0.2 million, or $0.00 per share in the first quarter of fiscal year 2020.
Despite its countless privacy and security flaws, Zoom continues to march on, raking in more and more users (free as well as paying), and making more and more money.
Zoom said it expects full-year sales to be up to $1.8bn, doubled what it said just three months ago, although it warned that more of its new customers were on monthly plans instead of being locked into long-term contracts.
Minnesota's Sunday COVID-19 numbers
The number of COVID-19 patients admitted to hospitals stood at 549 on Monday - with 253 of those patients needing intensive care. The numbers released Monday show 40 of the new cases are in Cass County, which remains the epicenter of the COVID-19 outbreak.
"Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives".
Zoom also offers a free version of its service, another factor in its popularity at a time when about 40 million people in the US have lost their jobs since mid-March, raising the specter of the worst economic downturn since the Great Depression of the 1930s.
Corporate clients will get access to Zoom's end-to-end encryption service now being developed, but Yuan said free users won't enjoy that level of privacy, which makes it impossible for third parties to decipher communications. The recent quarterly numbers show that Zoom is here to stay.
Zoom's success is also drawing stiffer competition from much larger companies, including Microsoft, Google and Facebook.
Chiefs will no longer hold their 2020 training camp in St. Joseph
No coaches nor players other than those undergoing medical treatment and rehabilitation have been allowed in those facilities. For the Dallas Cowboys, this means canceling their trip to Oxnard, California, where they've hosted training camp for years.
Yuan told analysts that Zoom owed a lot of thanks to partners such as Amazon Web Services Inc., which was able to provision the majority of the new service it needed when its data centers suddenly found themselves overwhelmed by traffic surges.