Zoom Video Communications Inc. reported a surge in its bottom line during the fourth-quarter and full fiscal year 2021 period as lockdowns across the globe pushed demand for video communications services, the company reported in a press release.
- Fourth-quarter GAAP income up 2327% year-on-year to $256.1 million; full fiscal year GAAP income up 5097% to $659.8 million. Non-GAAP income up 839% to $360.9 million in the fourth quarter; full fiscal non-GAAP income up 1009% to $983.3 million.
- Fourth-quarter revenue up up 369% to $882.5 million; full fiscal year revenue up 326% to $2.651 billion.
- The company ended the FY 2021 with approximately 467,100 customers with more than 10 employees, up 470% from the same quarter the previous year. Some 1,644 customers contributed over $100,000 in trailing 12 months revenue to reflect 156% growth the same quarter in the previous year.
- Company optimistic for FY 2022 with total revenue expected between $900 million to $905 million in the first quarter and between $3.760 billion to $3.780 billion for the full year.
ZM: Nasdaq is up 7.04% on premarket.
