![]() ![]() For the third quarter, GAAP operating margin was 27.7% and non-GAAP operating margin was 39.1%. After adjusting for stock-based compensation expense and related payroll taxes, and acquisition-related expenses, non-GAAP income from operations for the third quarter was $411.3 million, up from $290.8 million in the third quarter of fiscal year 2021. Income from Operations and Operating Margin: GAAP income from operations for the third quarter was $290.9 million, up from $192.2 million in the third quarter of fiscal year 2021.Revenue: Total revenue for the third quarter was $1,050.8 million, up 35% year over year.Third Quarter Fiscal Year 2022 Financial Highlights: We believe our global brand, innovative technologies, and large customer base position us well for the future.” We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54% year-over-year growth, alongside strong profitability and operating cash flow growth. “Through innovation and dedication, we will continue to deliver happiness to our customers. We also showcased innovations such as hot desking, whiteboarding, and smart gallery, all designed to empower both co-located and remote hybrid workforces as some companies test return to office programs,” said Zoom founder and CEO, Eric S. During this immersive, multi-track conference, we showcased how Zoom is placing people at the center of our communications platform, connecting their disparate work streams into our technology, moving beyond enterprises’ ability to collaborate internally, and empowering them to communicate face-to-face with their customers through Zoom Events and our upcoming Video Engagement Center. “In Q3, we held our premier user event, Zoomtopia, on our Zoom Events service. (NASDAQ: ZM) today announced financial results for the third fiscal quarter ended October 31, 2021. 22, 2021 (GLOBE NEWSWIRE) - Zoom Video Communications, Inc. Third quarter GAAP operating margin of 27.7% and non-GAAP operating margin of 39.1%. ![]() Number of customers contributing more than $100,000 in TTM revenue up 94% year over year.Third quarter total revenue of $1,050.8 million, up 35% year over year.That's a forward price-to-sales ratio of over 45 - extremely pricey. The company's current market capitalization is nearly $119 billion compared with guided full-year fiscal 2021 revenue of almost $2.6 billion. There are different ways to measure it, but for growth stocks like Zoom, a commonly utilized metric is the price-to-sales ratio. Some of today's drop is undoubtedly attributable to those selling in search of the next big thing.Įven for long-term investors, one can appreciate the small dip in Zoom's stock price considering its current valuation. For momentum traders, these outsize gains are likely far too enticing to pass up considering the company's growth rate is expected to start moderating in coming quarters. Now whatĮven with today's drop in price, Zoom stock is still up over 500% year to date. For the upcoming fiscal fourth quarter, it's guiding for $806 million to $811 million in revenue, which is 329% year-over-year growth at the midpoint. But this company may have already reached the peak of its pandemic-fueled growth. With the COVID-19 pandemic affecting many aspects of everyday life, Zoom has become a ubiquitous tool helping many people address their educational, work, and social needs. ![]()
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