Zoom Video Communications reported its fiscal third quarter earnings that exceeded analysts’ expectations.
The company’s quarterly earnings came in at 99 cents per share, handily beating analysts’ estimate of 76 cents per share.
Revenue of $777.2 million also surpassed the $693.95 million expected by analysts.
"Strong demand and execution led to revenue growth of 367% year-over-year with solid growth in non-GAAP operating income and cash flow in our third fiscal quarter.", said founder and CEO Eric Yuan in a statement.
Looking ahead, the company expects revenue in the range of $806 million to $811 million for the fiscal fourth quarter, with earnings between 77 cents and 79 cents per share. Analysts have predicted revenue of $730.11 million and earnings of 66 cents per share.