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Zoom Communications Fiscal Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

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Zoom Communications (ZM) reported fiscal Q1 adjusted diluted earnings late Thursday of $1.55 a share, up from $1.43 a year earlier.

Analysts polled by FactSet expected $1.42.

Revenue in the three months ended April 30 rose to $1.24 billion from $1.17 billion a year earlier.

Analysts surveyed by FactSet expected $1.22 billion.

The company expects fiscal Q2 non-GAAP diluted EPS of $1.45 to $1.47 on revenue of $1.265 billion to $1.27 billion. Analysts expect EPS of $1.49 on revenue of $1.266 billion.

Zoom expects full-year non-GAAP diluted EPS of $5.96 to $6 on revenue of $5.08 billion to $5.09 billion, up from the prior outlook of EPS of $5.77 to $5.81 on revenue of $5.065 billion to $5.075 billion.

Analysts polled by FactSet expect EPS of $5.88 on revenue of $5.075 billion.

Zoom shares rose 7% in after-hours trading.

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