Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering on the Nasdaq MarketSite in New York on April 18, 2019.

Victor J. Blue | Bloomberg | Getty Images

scaling shares rose as much as 13% in extended trading Monday after the video chat software provider reported fiscal fourth-quarter results that beat analysts’ expectations.

Here’s how the company fared compared to the consensus among analysts polled by LSEG:

  • Earnings per share: $1.22 adjusted vs. $1.15 expected
  • Income: $1.15 billion vs. $1.13 billion expected

Revenue was up less than 3 percent from $1.12 billion a year earlier, according to a statement. The company reported net income of $298.8 million, or 98 cents per share, for the quarter ended Jan. 31, compared with a net loss of $104.1 million, or 36 cents per share, in the prior quarter.

Far from its heyday during the Covid pandemic, when the rise in the number of remote workers led to revenue growth of more than 100% for five consecutive quarters, Zoom is now mired in single-digit growth.

Growth would have been faster in the fiscal fourth quarter if not for a sales reorganization that “took longer to complete internationally than domestically,” Kelly Steckelberg, Zoom’s chief financial officer, said on a conference call with analysts.

At the end of the fourth fiscal quarter, Zoom had 220,400 enterprise customers, up from 219,700 at the end of previous quarter.

For the fiscal first quarter, Zoom asked for $1.18 to $1.20 in adjusted earnings per share on $1.125 billion in revenue, which would represent growth of less than 2% from a year earlier. Analysts polled by LSEG had expected $1.13 in adjusted earnings per share and $1.13 billion in revenue.

For fiscal 2025, Zoom sees $4.85 to $4.88 adjusted earnings per share, on $4.60 billion in revenue, implying 1.6% revenue growth. The LSEG consensus was adjusted earnings of $4.71 per share and revenue of $4.65 billion.

Before the jump, Zoom shares had fallen 12% so far this year, while the S&P 500 had risen 6% over the same period.

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