Business
Zoom Exceeds Expectations and Increases Profit in the Second Quarter
Zoom Video Communications was able to exceed analysts' expectations in the second quarter and slightly increase both profit and revenue, leading to a rise in the stock during after-hours trading.
Zoom Video Communications increased both profit and revenue in the second quarter of its fiscal year 2025, exceeding analysts' expectations.
The provider of video-based communication software achieved a profit of $1.39 per share, compared to $1.34 per share in the same period last year. This means Zoom exceeded analysts' forecasts, who had expected a profit of $1.214 per share.
The company's revenue increased slightly to $1.16 billion in the reporting period, compared to $1.14 billion in the prior-year period. The positive development demonstrates that Zoom continues to deliver solid results even after the pandemic-related boom.
In after-hours trading on the NASDAQ, Zoom stock temporarily rose by 3.35 percent to 62.25 US dollars.
