+19 C°
Traffic jam:   0

Zoom published a report and forecasts revenue growth of 42%

2 March 2021
2 min.
Zoom published a report and forecasts revenue growth of 42%

Report from Zoom

Zoom reported record growth in quarterly revenues and profits, exceeding Wall Street estimates. Zoom's projections for the first quarter and full fiscal year 2022 are also above expectations.

Shares in Zoom Video Communications (ZM) rose 8.4% after the close of trading on Monday.

Zoom's IPO took place on 18 April 2019. The COVID-19 pandemic has made Zoom's product incredibly popular and the company's shares have risen sharply. Zoom provides a free 40-minute video call service, with a limited number of participants, and charges for the corporate service.

Over the past 12 months, Zoom shares have risen by more than 290%. The 7.7% drop in the stock over the last quarter is due to the emergence of COVID-19 vaccines and investor fears that bringing employees back into offices and students back into classrooms will reduce the company's earnings.

However, Zoom's report on Monday reassured investors as the company gave a strong outlook for the coming quarter and the current fiscal year. Zoom data for Q4 and full fiscal year 2021

Zoom reported fourth-quarter (ended 31 January 2021) earnings per share growth to $1.22, up strongly from last year's figure of $0.2 earnings per share.

Net profit for the quarter rose to $365.4m.

Revenue at Zoom continued to grow at a huge rate of more than 355% for the third consecutive quarter to $882.5m.

Zoom's total revenue for the full fiscal year 2021 rose 326% to $2.65 billion, with annual earnings per share of $3.34.

Zoom's year-end free cash flow rose to $1.4bn.

Zoom's forward-looking statements

Zoom's outlook for the first quarter of fiscal 2022 (February to April 2021):

  • Revenue growth of about 175% to a range of $900m $905m.
  • EPS $0.95 $0.97 also above Wall Street's average estimate of $0.72.

Forecast for full fiscal year 2022

Revenue growth in the range of $3.76bn. $3.78bn, annual earnings per share to rise to $3.59 $3.65, analysts had forecast $2.97.

Zoom is looking to create more revenue streams by adding products such as a cloud-based phone system to attract more large businesses as well as small and medium-sized enterprises.

Companies1 in the news



Rating companies
78 Mention
78 Mention
76 Mention
67 Mention
Dow Jones
62 Mention
52 Mention
43 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director