Investing.com - Zoom Video Communications reported Monday better-than-expected guidance for the current quarter following fourth-quarter results that topped Wall Street as the video-conferencing software provider continued to win new enterprise customers.
For Q1, the company guided adjusted EPS between $1.18 and $1.20 on revenue of about $1.13B, topping analyst estimates for $1.14 on revenue of $1.13B.
For the three month ended Jan. 31, Zoom Video Communications reported adjusted EPS of $1.42, up from $1.22 a year earlier, on revenue of $1.15 billion, up from $1.12B a year earlier. That beat Wall Street expectations for EPS of $1.14 on revenue of $1.34B.
Enterprise revenue was $667.3M, up 4.9% year over year, while online revenue was $479.2M, down 0.5% year over year.
Looking ahead to fiscal 2025, the company forecast adjusted EPS between $4.85 and $4.88 on revenue of about $4.6B, topping analyst estimates for $1.14 on revenue of $1.13B
The company unveiled plans to buy back up to $1.5B of its stock.
Zoom Video Communications Inc (NASDAQ:ZM) was up nearly 11% following the report.