Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-Q ___________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Zoomtopia Investor Q&A Call October 3, 2023 3:00 PM ET Company Participants Tom McCallum - Head of Investor Relations Wendy Bergh - General Manager, Online Business Mahesh Ram - Head of AI Applications Kelly Steckelberg - Chief Financial Officer Conference Call Participants Siti Panigrahi - Mizuho Securities Michael Turrin - Wells Fargo Matthew VanVliet - BTIG Will Power - Baird Peter Levine - Evercore Ryan Koontz - Needham Pete Newton - Barclays Pat Walravens - J ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Citi's 2023 Global Technology Conference Call September 6, 2023 4:00 PM ET Company Participants Tom McCallum - Head of IR Conference Call Participants Tyler Radke - Citigroup Inc. Tyler Radke Good afternoon, everybody. My name is Tyler Radke. I Co-Head the Software Sector here at Citi. Welcome to day 1 of our Tech Conference. We have Tom McCallum from Zoom here and excited to have a great conversation. So Tom, I think it would be great -- actually, just with the ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Goldman Sachs 2023 Communacopia & Technology Conference September 5, 2023 1:50 PM ET Company Participants Eric Yuan - Founder & CEO Conference Call Participants Kasthuri Rangan - Goldman Sachs Kasthuri Rangan Eric's contribution to the world cannot possibly be exaggerated. We all know what you've created. I mean truly changed our lives. So thank you for this breakthrough. I mean, we don't see things like this happen in our life that often, so what a revolution. So ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Deutsche Bank 2023 Technology Conference August 31, 2023 3:30 PM ET Company Participants Kelly Steckelberg - Chief Financial Officer Conference Call Participants Matt Niknam - Deutsche Bank Matt Niknam All right. If everybody can please go ahead and take their seats. We'll go ahead and get started with our next session. For those of you who don't know me, I'm Matt Niknam, the UCaaS, CCaaS networking analyst here at Deutsche Bank. We are very pleased to have Zoom's ...

OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-Q ___________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 Commission File Number 001-38865 (Exact name of registrant as specified in its Charter) _______________________________________ ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Q2 2024 Earnings Conference Call August 21, 2023 5:00 PM ET Company Participants Tom McCallum - Head of IR Eric Yuan - Founder & CEO Kelly Steckelberg - CFO Conference Call Participants Mark Murphy - JPMorgan Meta Marshall - Morgan Stanley Kasthuri Rangan - Goldman Sachs Michael Funk - Bank of America James Fish - Piper Sandler Matthew VanVliet - BTIG Ryan Koontz - Needham Sitikantha Panigrahi - Mizuho Rishi Jaluria - RBC Capital Markets Alex Zukin - Wolfe Resear ...

| --- | --- | |------------------|-------| | | | | | | | Zoom Video | | | Communications | | | Q2 FY24 Earnings | | | August 21, 2023 | | | | | Use of non-GAAP financial measures → In addition to the financials presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation includes the following non-GAAP metrics: Revenue in Constant Currency, non-GAAP gross profit, non-GAAP gross margin, non-GAAP R&D expense, non-GAAP S&M expense, non-GAAP G&A expense, non-GAAP operat ...

Zoom Video Communications, Inc. (NASDAQ:ZM) Bank of America 2023 Global Technology Conference June 7, 2023 4:20 PM ET Company Participants Sanjay Rao - Head of Corporate Development, M&A Strategy and Zoom Ventures Charles Eveslage - Manager Investor Relations Conference Call Participants Michael Funk - Bank of America Michael Funk Okay. We'll get started here in a minute. Once again, Michael Funk, SMidCap software analyst, Bank of America. Really happy to have Zoom here with us again this year. New speake ...

Revenue Performance - Revenue for the three months ended April 30, 2023, was $1,105.4 million, representing a period-over-period growth of 2.9% compared to $1,073.8 million in the same period of 2022[99]. - Revenue for the three months ended April 30, 2023, was $1,105.4 million, representing a 2.9% increase from $1,073.8 million in the same period of 2022, driven by a 13% increase in subscription revenue from Enterprise customers[131]. - Revenue from Enterprise customers represented 57.2% of total revenue for the three months ended April 30, 2023, compared to 52.2% for the same period in 2022[106]. - Revenue from Online customers represented 42.8% of total revenue for the three months ended April 30, 2023, down from 47.8% for the same period in 2022[107]. - Revenue from the rest of the world (APAC and EMEA) represented 29% of total revenue for the three months ended April 30, 2023, down from 32% for the same period in 2022 due to macroeconomic conditions[113]. Profitability - Net income for the three months ended April 30, 2023, was $15.4 million, down from $113.7 million for the same period in 2022[99]. - Gross profit for the three months ended April 30, 2023, was $841.4 million, up 3.6% from $812.0 million in the same period of 2022, with a gross margin of 76.1% compared to 75.6%[130][133]. - Free Cash Flow (FCF) for the three months ended April 30, 2023, was $396.7 million, a decrease of 20.9% from $501.1 million in the same period of 2022[120]. - Other income for the three months ended April 30, 2023, was $31.2 million, a substantial increase of 546.6% from a loss of $7.0 million in the same period of 2022[139]. - Gains on strategic investments for the three months ended April 30, 2023, were $2.3 million, a significant recovery from losses of $36.4 million in the same period of 2022[138]. Customer Metrics - The trailing 12-month net dollar expansion rate for Enterprise customers was 112% as of April 30, 2023, down from 123% for the same period in 2022[106]. - As of April 30, 2023, the company had approximately 215,900 Enterprise customers, an increase from 198,900 as of April 30, 2022[116]. - Customers contributing more than $100,000 of trailing 12 months revenue represented 29% of total revenue for the three months ended April 30, 2023, up from 24% for the same period in 2022[117]. - The online average monthly churn for Online customers was 3.1% for the three months ended April 30, 2023, compared to 3.6% for the same period in 2022[108]. Expenses - Research and development expenses increased by 45.0% to $209.3 million for the three months ended April 30, 2023, compared to $144.3 million in the same period of 2022[134]. - Sales and marketing expenses rose by 16.5% to $422.5 million for the three months ended April 30, 2023, compared to $362.8 million in the same period of 2022[135]. - General and administrative expenses increased by 69.6% to $199.9 million for the three months ended April 30, 2023, compared to $117.8 million in the same period of 2022[137]. Cash Flow and Financial Position - Net cash provided by operating activities was $418.5 million for the three months ended April 30, 2023, a decrease of 20.5% compared to $526.2 million for the same period in 2022[147]. - Net cash used in investing activities was $480.8 million for the three months ended April 30, 2023, primarily due to net purchases of marketable securities of $208.5 million and cash paid for acquisitions of $199.4 million[148]. - Net cash provided by financing activities was $7.0 million for the three months ended April 30, 2023, compared to a net cash used of $133.2 million in the same period of 2022[150]. - Cash and cash equivalents totaled $1,029.5 million, with marketable securities amounting to $4,566.8 million as of April 30, 2023[155]. - As of April 30, 2023, the company had cash, cash equivalents, and marketable securities totaling $5.6 billion, available for working capital and growth investments[141]. Future Outlook - Future capital requirements will depend on factors such as revenue growth rate, subscription renewal activity, and expenses related to international expansion[145]. - The company may seek additional equity or debt financing in the future if necessary[145]. - There have been no material changes to cash requirements from known contractual obligations compared to previous disclosures[144]. - The company has not entered into derivative or hedging transactions for foreign currency exposure but may consider it in the future if exposure increases[154].