Zoom Video Communications Non-GAAP EPS of $1.16 beats by $0.17, revenue of $1.11B beats by $30M
Zoom Video Communications press release (NASDAQ:ZM): Q1 Non-GAAP EPS of $1.16  beats by $0.17.
Revenue of $1.11B (+3.7% Y/Y)  beats by $30M.
Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of April 30, 2023 was $5.6 billion.
First quarter Enterprise revenue of $632.0 million, up 13% year over year

First quarter GAAP operating margin of 0.9% and non-GAAP operating margin of 38.2%
Number of customers contributing more than $100,000 in trailing 12 months revenue up 23% year over year.

Q2 Outlook: Total revenue is expected to be between $1.110 billion and $1.115 billion vs. consensus of $1.11B and revenue in constant currency is expected to be between $1.120 billion and $1.125 billion. Non-GAAP income from operations is expected to be between $405.0 million and $410.0 million. Non-GAAP diluted EPS is expected to be between $1.04 and $1.06 vs. consensus of $1.06 with approximately 307 million weighted average shares outstanding.

2024 Outlook: Total revenue is expected to be between $4.465 billion and $4.485 billion vs. consensus of $4.46B and revenue in constant currency is expected to be between $4.495 billion and $4.515 billion. Full fiscal year non-GAAP income from operations is expected to be between $1.630 billion and $1.650 billion. Full fiscal year non-GAAP diluted EPS is expected to be between $4.25 and $4.31 vs. consensus of $4.22 with approximately 308 million weighted average shares outstanding.
Shares +4.57%.