Management expects fourth-quarter revenue of roughly $1.05 billion. These dynamics can also be seen in its net dollar expansion rate in customers with more than 10 employees, which checked in above 130% for the 11th straight quarter.Īll told, Zoom's adjusted net income increased 14% to $338.4 million, or $1.11 per share. Zoom had 2,507 customers contributing more than $100,000 in trailing 12-month revenue at the end of the third quarter, up 94% from the same period a year ago. To offset the slowdown, Zoom has placed a point of emphasis on expanding its relationships with larger companies, with tools such as its Zoom Rooms video conference room solutions that make it easier for onsite and offsite employees to communicate.
That marked a significant deceleration from the 54% growth the video-chat company experienced in the second quarter and the staggering 367% growth it delivered in the third quarter of 2021. Zoom's revenue jumped 35% year over year to $1.05 billion in its fiscal 2022 third quarter. Shares of Zoom Video Communications Inc (NASDAQ: ZM) fell 14.7% on Tuesday after the cloud communications leader's slowing growth troubled analysts and investors.
All figures quoted in US dollars unless otherwise stated. This article was originally published on.
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