{"id":309207,"date":"2021-08-31T12:21:52","date_gmt":"2021-08-31T02:21:52","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=309207"},"modified":"2021-08-31T12:21:52","modified_gmt":"2021-08-31T02:21:52","slug":"zoom-beats-q2-expectations","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/","title":{"rendered":"Zoom beats Q2 expectations"},"content":{"rendered":"

By Klavs Valters<\/strong>
\n\u00a0@klavsvalters<\/a><\/p>\n

Zoom reported its second quarter financial numbers after the market close on Monday.<\/p>\n

The video-calling software company reported total revenue of $1.02 billion in Q2 (up by 54% year-over-year) vs $991 million expected. It was the first time the total revenue exceeded $1 billion in a single quarter.<\/p>\n

Earnings per share also came in above estimates at $1.36 per share vs $1.16 per share expected.<\/p>\n

”In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow,” said Zoom founder and CEO, Eric S. Yuan.<\/p>\n

”Q2 also marked several milestones on our expansion beyond the UC platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service. Today we are a global brand counting over half a million customers with more than 10 employees, which we believe positions us extremely well to support organisations and individuals as they look to reimagine work, communications, and collaboration.”<\/p>\n

Zoom Video Communications Inc. (1Y)<\/strong><\/p>\n

\"\"<\/p>\n

Despite higher than expected numbers, the share price was down by around 12% in the after-hours trading as the company showed slowing growth from the previous quarter. The stock is up by 6.89% in the past year after ending the trading day at $347.50 per share on Monday.<\/p>\n

You can trade Zoom Video Communications Inc. (ZM) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here<\/a> for more information. Trading Derivatives carries a high level of risk.<\/p>\n

Sources: Zoom, Refinitiv, TradingView<\/p>\n

By Klavs Valters<\/strong>
\n\u00a0@klavsvalters<\/a><\/p>\n

Disclaimer: The articles are from GO Markets analysts, based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; should not be taken as either representative of or shared by GO Markets. Advice (if any), are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Klavs Valters \u00a0@klavsvalters Zoom reported its second quarter financial numbers after the market close on Monday. The video-calling software company reported total revenue of $1.02 billion in Q2 (up by 54% year-over-year) vs $991 million expected. It was the first time the total revenue exceeded $1 billion in a single quarter. Earnings per share […]<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2874],"tags":[],"yoast_head":"\nZoom beats Q2 expectations - GO Markets<\/title>\n<meta name=\"description\" content=\"Zoom reported its second quarter financial numbers after the market close on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoom beats Q2 expectations - GO Markets\" \/>\n<meta property=\"og:description\" content=\"Zoom reported its second quarter financial numbers after the market close on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-31T02:21:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe Morriss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"width\":26,\"height\":23},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/zoom-beats-q2-expectations\/\",\"name\":\"Zoom beats Q2 expectations - 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