Zoom Video Communications, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2022
November 21, 2022 at 04:05 pm EST
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Zoom Video Communications, Inc. reported earnings results for the third quarter and nine months ended October 31, 2022. For the third quarter, the company reported sales was USD 1,101.9 million compared to USD 1,050.76 million a year ago. Net income was USD 48.35 million compared to USD 340.38 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 1.11 a year ago.
For the nine months, sales was USD 3,275.16 million compared to USD 3,028.49 million a year ago. Net income was USD 207.76 million compared to USD 885 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 2.99 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 2.89 a year ago.
Zoom Video Communications, Inc. provides an all-in-one intelligent collaboration platform. It provides a unified communications and collaboration platform that delivers fundamentally changes how people interact, connecting them through frictionless and secure meetings, phone, chat, content sharing and more. Its products are grouped under various categories: Core Communications, AI, Employee Experience, Customer Experience and Developer Ecosystem. Core Communications products include Zoom Meetings, Zoom Phone, Zoom Team Chat and others. AI products, such as Zoom AI Companion. Employee Experience products include Zoom Rooms, Workspace Reservation, Zoom Docs and other. Customer Experience products, such as Zoom Contact Center, Zoom Virtual Agent, Zoom Events and others. Developer Ecosystem products include Zoom Developer Platform, Zoom App Marketplace and Zoom Apps. It serves various industries, including education, entertainment/media, enterprise infrastructure, finance, and others.
ZOOM VIDEO COMMUNICATIONS, INC. 
