Zoom Video posted third quarter earnings that surpassed analysts’ expectations.
The video conferencing company’s adjusted earnings for the three months ending October came in at $1.11 per share, above the $1.09 per share expected by analysts polled by Refinitiv.
Revenue rose +35% from the year-ago quarter to $1.05 billion also topped analysts’ estimates of $1.02 billion.
In the latest quarter, Zoom said it had cancelled plans to acquire cloud contact center software provider Five9 for $14.7 billion. Zoom also announced that its own cloud contact center software would be launched in early 2022.
For the fiscal fourth quarter, Zoom projects adjusted earnings of $1.06 to $1.07 per share—compared to $1.05 forecast from analysts polled by Refinitiv. The company expects revenue in the range of $1.051 billion to $1.053 billion, vs. $1.02 billion in revenue expected by analysts polled by Refinitiv.