Zoom (NASDAQ:ZM) reported its Q4 earnings results on Monday, with slightly better-than-expected revenues and much stronger-than-expected EPS as management started to realign spending/investment priorities.
EPS came in at $1.22, better than the Street estimate of $0.81. Revenue was $1.12 billion, compared to the Street estimate of $1.1 billion. However, the demand environment remains challenging as seen in muted fiscal 2024 revenue growth guidance (up 1% year-over-year at the mid-point).
Q1/24 EPS is seen at $0.96-$0.98, compared to the Street estimate of $0.84. Revenue is expected in the range of $1.08-1.085 billion, compared to the Street estimate of $1.11 billion.
For fiscal 2024, the company expects EPS of $4.11-$4.18, compared to the Street estimate of $3.65. Full-year revenue is expected to be in the range of $4.435-4.455 billion, compared to the Street estimate of $4.6 billion.