Zoom Video reported fourth-quarter results and guidance – both above analyst expectations.
The communications tech company’s fourth quarter adjusted earnings came in at $1.22 per share, compared to analysts’ forecast of 79 cents per share.
Revenue increased +369% from the year-ago quarter to $882.5 million, also ahead of the $811.7 million expected by analysts.
For the first quarter, Zoom expects earnings range of 95 cents to 97 cents per share on revenue between $900 million and $905 million. Analysts are expecting earnings of 72 cents per share on revenue of $837.3 million.