Zoom Video Communications (NASDAQ:ZM) Third Quarter 2023 Results
Main financial results
- Revenue: $1.10 billion (up 4.9% compared to Q3 2022).
- Net income: $48.4 million (down 86% compared to Q3 2022).
- Profit margin: 4.4% (vs. 32% in Q3 2022).
- EPS: 0.16 USD (compared to 1.14 USD in the 3rd quarter of 2022).
All figures shown in the table above are for the 12 month period (TTM)
Zoom Video Communications EPS falls short of expectations
Revenue is in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates of 3.3%.
Going forward, revenue is expected to grow 9.6% per year on average over the next 3 years, compared to a growth forecast of 13% for the US software industry.
Performance of the The American software industry.
Shares of the company are down 12% from a week ago.
You should find out about the 2 warning signs we spotted with Zoom Video Communications.
Valuation is complex, but we help make it simple.
Find out if Focus on video communications is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.
See the free analysis
Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.