Zoom (ZM) earnings Q1 2022


Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019.

Victor J. Blue | Bloomberg | Getty Images

Zoom reported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling as much as 5% as the company showed signs of a looming slowdown.

Here’s how the company did:

  • Earnings: $1.32 per share, adjusted, vs. 99 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $956.2 million, vs. $906.0 million as expected by analysts, according to Refinitiv.

Revenue in the quarter, which ended on April 30, jumped from $328.2 million a…

Source cnbc.com

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