Zoom achieved a rise in profits for the first quarter of this year, more than analysts' expectations, and the company's revenues rose by about 12% year on year.
Zoom reported earnings of $1.03 per share, exceeding analysts' expectations at Refinitiv of 87 cents per share.
Revenues also rose to $1.07 billion, according to analysts' expectations, after the company's revenue jumped by nearly 200% during the same period in 2021.
Zoom expects revenues for the current second quarter to range between $1.11 billion and $1.12 billion, which represents an increase of at least 9.2%, while the company expects profits to range between $1.11 billion and $1.12 billion. The stock is between 90 cents and 92 cents.
As for financial performance for the current year total, Zoom expects revenue to range between $4.53 billion and $4.55 billion.
