Zoom Video (NASDAQ:ZM) doffed early morning gains Tuesday following a top- and bottom-line beat for the fourth quarter. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates.
Its Q4 Non-GAAP EPS of $1.22 beats by $0.40. Revenue of $1.12B (+3.7% Y/Y) beats by $20M .
Enterprise revenue of $636.1 million , up 18% year over year; Approximately 213,000 Enterprise customers, up 12% year over year.
A trailing 12-month net dollar expansion rate for Enterprise customers was 115%.
Zoom also boasted 3,471 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 27% from the same quarter last fiscal year. Online average monthly churn of 3.4% for Q4, down 40 bps from the same quarter last fiscal year.
First Quarter Fiscal Year 2024 total revenue is expected to be between $1.080 billion and $1.085 billion ($1.11B consensus) and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP income from operations is expected to be between $374.0 million and $379.0 million.
Full Fiscal Year 2024 total revenue is expected to be between $4.435 billion and $4.455 billion ($4.63B consensus) and revenue in constant currency is expected to be between $4.458 billion and $4.478 billion, Non-GAAP income from operations is expected to be between $1.606 billion and $1.626 billion.
ZM shares ducked 39 cents to $73.33.