Zoom Video Communications (ZM) reported strong earnings for Q1 fiscal 2027, surpassing analysts' expectations. Earnings per share (EPS) came in at $1.55, beating the $1.42 forecast. Revenue reached $1.24 billion, exceeding the $1.22 billion estimate.
Despite the strong results, Zoom's stock declined 0.87% in aftermarket trading to close at $98.56. The dip may reflect investor caution or profit-taking.
Revenue grew 5.5% year-over-year. CEO Eric Yuan attributed the growth to robust enterprise demand and early AI product adoption.
For fiscal 2027, Zoom raised its revenue guidance to $5.08-$5.09 billion and EPS guidance to $5.96-$6.00.
