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Zoom Video Communications rose 9% to $68.80 after the online communication platform reported slightly better-than-expected quarterly revenue. 

Revenue in the fourth quarter decreased to $1.14 billion from $1.11 billion, net income swung to $298.8 million from a loss of $104 million, and diluted earnings per share were 95 cents compared to a loss of 36 cents. 

The company estimated total revenue in the first quarter at $1.125 billion, and revenue in constant currency is expected to be approximately $1.125 billion. 

Non-GAAP income from operations is expected to be between $410.0 million and $415.0 million. 

First quarter non-GAAP diluted earnings per share is expected to be between $1.18 and $1.20, with approximately 316 million non-GAAP weighted average shares outstanding.


27 Feb, 2024

     

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