(Zoom) Zoom Video Communications Inc. posted revenue of $663.5 million in the second quarter of 2021, an increase of 355% from the comparable quarter of 2020.
Income from operations rose to $188.1 million, up from $2.3 million in the second quarter of 2020.
Net income rose to $185.7 million or $0.63 per share, up from $5.5 million or $0.02 per share in the comparable quarter of 2020.
Zoom attributes the growth in revenue to new customer acquisitions and the expansion of the existing customer pipeline.
The company projects third-quarter revenue to hit $685.0 million to $690.0 million. Q3 non-GAAP EPS is expected to range between $0.73 and $0.74.
FY21 revenue is expected to range between $2.37 billion and $2.39 billion, with non-GAAP EPS of about $2.40 to $2.47.
ZM: NASDAQ is down -11.11% on premarket.
