Q2 non-GAAP EPS is expected to be approximately $0.01 to $0.02.įor the fiscal year 2020, Zoom expects revenue to be between $535 million and $540 million and non-GAAP income (loss) from operations is expected to be between $0.0 million and $3.0 million. The San Jose, California-based tech firm reported GAAP net income attributable to common stockholders of $0.2 million, or $0.00 per share, compared to GAAP net loss attributable to common stockholders of $1.3 million, or a loss of $0.02 per share in the first quarter of fiscal 2019.įor the second quarter of fiscal 2020, revenue is expected to be between $129 million and $130 million and non-GAAP income from operations is expected to be between $2 million and $3 million. Zoom stock surged more than 10% during the extended hours of trading. ![]() Analysts had predicted the company to post breakeven earnings on revenue of about $111 million. ![]() Zoom reported adjusted earnings of 3 cents per share on revenue of $122 million. ![]() Zoom Video Communications ( Nasdaq: ZM), which provides video and audio conferencing services, topped Wall Street’s views for its first quarter of fiscal 2020.
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