February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, update Financial Outlook
The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion.
For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS and revenue of $3.67 and $4.63 billion, respectively.
Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2024 and its full fiscal year 2024.
First Quarter Fiscal Year 2024: Total revenue is expected to be between $1.080 billion and $1.085 billion and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP income from operations is expected to be between $374.0 million and $379.0 million. First quarter non-GAAP diluted EPS is expected to be between $0.96 and $0.98 with approximately 304 million non-GAAP weighted average shares outstanding.
Full Fiscal Year 2024: Total revenue is expected to be between $4.435 billion and $4.455 billion and revenue in constant currency is expected to be between $4.458 billion and $4.478 billion, Non-GAAP income from operations is expected to be between $1.606 billion and $1.626 billion. Full fiscal year non-GAAP diluted EPS is expected to be between $4.11 and $4.18 with approximately 309 million non-GAAP weighted average shares outstanding.