The Most Impressive Part of Zoom's Earnings Report
Not a lot of companies can generate 300% revenue growth and still get shrugged off by the market.
Such is the case with Zoom Video Communications (NASDAQ: ZM), the videoconferencing phenomenon that's been arguably the biggest winner in the pandemic.
The stock was down double digits on Tuesday despite another blowout quarter. Zoom posted 367% revenue growth to $777.2 million, and it delivered adjusted net income of $297.2 million, good for a net profit margin of nearly 40%, up from $25.2 million a year ago. On a per-share basis, adjusted earnings per share came in at $0.99 per share, easily beating estimates at $0.76, while its top-line result cruised past expectations at $694 million.
Source Fool.com
