Zoom Q2 Earnings: Revenue, EPS Beat Estimates, Strong Guidance Sends Shares Higher

Zoom Communications reported second-quarter revenue of $1.22 billion, topping estimates of $1.20 billion, according to Benzinga Pro. Adjusted earnings were $1.53 per share, above expectations of $1.37. Revenue rose 4.7% year-over-year, driven by 7% enterprise growth and 1.4% online growth. Zoom ended the quarter with 4,274 customers generating more than $100,000 in trailing 12-month revenue, up 8.7%. The company reported $515.9 million in operating cash flow, $508 million in free cash flow, and $7.8 billion in cash and equivalents. CEO Eric Yuan highlighted AI-driven innovation and the company’s highest revenue growth in 11 quarters. For the third quarter, Zoom projects $1.21 to $1.215 billion in revenue and $1.42 to $1.44 per share in adjusted earnings, above estimates.