Zoom Stock Climbs on Massive Earnings Beat – Motley Fool

Zoom reported a total of 265,400 consumers with more than 10 employees, up 354% year over year, while customers contributing $100,000 in trailing-12-month revenue grew 90%. The net dollar expansion rate– which measures increased spending by existing clients– topped 130% for the eighth successive quarter. Zoom anticipates adjusted EPS of$ 0.45, an increase of 462%.

Zoom reported an overall of 265,400 customers with more than 10 employees, up 354% year over year, while consumers contributing $100,000 in trailing-12-month profits grew 90%. The net dollar growth rate– which measures increased spending by existing clientele– topped 130% for the 8th consecutive quarter. Zoom expects adjusted EPS of$ 0.45, a boost of 462%.

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