Shares of the video-conferencing software company Zoom Video Communications (NASDAQ: ZM) surged more than 8% to $80 in after-hours trading on Monday following the company released better-than-expected fourth quarter (Q4) financial results. The company registered over 100,000 enterprise customers, surging by 27% compared to the last year’s end results.
Earnings per share (EPS) $1.22 vs. $0.79 expected
Revenue $1.12 billion vs. $1.10 billion expected
“While the macroeconomic situation continues to negatively impact our overall growth, we have maintained a healthy balance sheet and operating cash flow generation of approximately $1.29 billion,” Zoom CEO Eric Yuan said.
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