Zoom's Q4 and Full Fiscal Year Results Showcase Revenue Growth and Profitability

Zoom has disclosed its financial standing for the fourth quarter and fiscal year ending January 31, 2024, emphasizing remarkable growth and customer metrics.

Zoom's founder and CEO, Eric S. Yuan, highlighted the introduction of Zoom AI Companion, a generative AI digital assistant aimed at elevating productivity, team effectiveness, and skill development across the Zoom platform. Yuan stated, "In FY24, we unveiled Zoom AI Companion, our generative AI digital assistant, aimed at boosting productivity, enhancing team effectiveness, and fostering skill development across the Zoom platform. We're committed to democratizing AI accessibility, offering it to all our customers regardless of business size, included at no extra charge with a paid license.”

In the fourth quarter, Zoom reported total revenue of $1,146.5 million, marking a 2.6% year-over-year increase. The company achieved a GAAP income from operations of $168.5 million, with a GAAP operating margin of 14.7%, showcasing robust profitability. Non-GAAP income from operations for the same period reached $443.7 million, with a non-GAAP operating margin of 38.7%.

For the full fiscal year 2024, Zoom's total revenue stood at $4,527.2 million, reflecting a 3.1% year-over-year growth. The company's GAAP income from operations for the fiscal year reached $525.3 million, with a GAAP operating margin of 11.6%. Non-GAAP income from operations amounted to $1,774.9 million, with a non-GAAP operating margin of 39.2%.

Customer metrics also highlighted Zoom's strong performance, with approximately 220,400 Enterprise customers reported, marking a 3.5% year-over-year increase. The trailing 12-month net dollar expansion rate for Enterprise customers stood at an impressive 101%.

Looking ahead to fiscal year 2025, Zoom anticipates total revenue of approximately $4.600 billion, with a strong focus on sustaining profitability and driving continued innovation to meet evolving customer needs.

ITS introduces ITS SecureEdge ensuring affordable resilience against DDoS attacks for businesses of...
WatchGuard Technologies introduces FireCloud Total Access, bringing Zero Trust and hybrid SASE...
ArrowSphere Cloud now hosts Check Point solutions, enhancing MSSPs' capabilities in EMEA with...
inforcer joins forces with Microsoft to streamline multi-tenant management for MSPs, enhancing the...
Channel businesses are harnessing AI to enhance sustainability strategies, according to Nebula...
Zyxel Networks appoints Rachel Rothwell to oversee operations in Western Europe, driving strategic...
Over 300 MSP leaders gather for a day of critical strategy, technical innovation and...
New capabilities harness the Aurora Platform’s massive data diversity and Arctic Wolf’s...