CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Zoom delivered its strongest quarterly revenue growth, with Q1 FY 27 revenue of $1,239M (+5.5% Y/Y), accelerating from Q4's 5.3% growth rate. Enterprise revenue of $755.7M (+7.2% Y/Y) drove the strong outperformance, while Online revenue of $483.3M (+2.8% Y/Y) continued stabilizing. The AI transformation showed strong traction, with AI Companion paid users growing 184% Y/Y and continued high double-digit Contact Center growth. Management provided confident Q2 revenue guidance of $1.265B-$1.270B and FY 27 revenue of $5.080B-$5.090B, plus secured an additional $1B share repurchase authorization. Customer metrics improved, with $100K+ revenue customers growing 8.2% Y/Y to 4,534 and Enterprise net dollar expansion advancing to 99% from 98%. Operating margins expanded significantly, with non-GAAP margin improving 130 bps Y/Y to 41.1% and robust free cash flow increasing to $500.5M. We expect AI monetization products to drive continued growth momentum.