By Katherine Hamilton
Zoom Communications recorded higher revenue and profit in the third quarter as the number high-paying customers increased.
The video conferencing company on Monday posted a profit of $612.9 million, or $2.01 a share, in the quarter ended Oct. 31, compared with $207.1 million, or 66 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $1.52, ahead of the $1.44 anticipated by analysts, according to FactSet.
Revenue rose 4.4% to $1.23 billion. Analysts surveyed by FactSet forecast revenue of $1.21 billion. The number of customers contributing more than $100,000 rose 9%.
In the current fourth quarter, Zoom expects revenue to be $1.23 billion to $1.24 billion. Analysts are expecting $1.23 billion. The company projects adjusted earnings per share to be $1.48 to $1.49, compared with the $1.45 analysts expect.
For the full year, the company expects revenue of $4.85 billion to $4.86 billion and adjusted earnings per share of $5.95 to $5.97. Wall Street is forecasting $4.83 billion in sales and $5.84 a share in adjusted earnings.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
November 24, 2025 16:22 ET (21:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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