“In fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform,” said Zoom founder and CEO, Eric S. (NASDAQ: ZM), a leading provider of video-first unified communications, today announced financial results for the fourth quarter and fiscal year ended January 31, 2022. 28, 2022 (GLOBE NEWSWIRE) - Zoom Video Communications, Inc. Authorization to repurchase up to $1.0 billion of Zoom’s Class A common stock.Fourth quarter non-GAAP income from operations of $420.3 million, up 16% year over year full fiscal year non-GAAP income from operations of $1,657.1 million, up 69% year over year.Fourth quarter GAAP income from operations of $251.8 million, down 2% year over year full fiscal year GAAP income from operations of $1,063.6 million, up 61% year over year.Fourth quarter total revenue of $1,071.4 million, up 21% year over year full fiscal year total revenue of $4,099.9 million, up 55% year over year.Year-end number of customers contributing more than $100,000 in trailing 12 months revenue up approximately 66% year over year.The company expects full-year revenue to be between $4.385 billion and $4.395 billion versus the estimate of $4.54 billion. Zoom expects third-quarter revenue to be between $1.095 billion and $1.1 billion versus the estimate of $1.15 billion. dollar, performance of the online business, and to a lesser extent sales weighted to the backend of the quarter," said Kelly Steckelberg, CFO of Zoom. "While we saw continued momentum with our Enterprise customers and our non-GAAP operating income came in meaningfully higher than our outlook, our revenue was impacted by the strengthening of the U.S.
The company reported quarterly earnings of $1.05 per share, which beat average analyst estimates of 93 cents per share. Zoom said second-quarter revenue increased 8% year-over-year to $1.1 billion, which missed average analyst estimates of $1.12 billion, according to Benzinga Pro. Zoom Video Communications Inc (NASDAQ:ZM) shares are trading lower Tuesday after the company reported weak top-line results and issued guidance below analyst estimates.
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