Zoom Communications reports Q2 adjusted EPS $1.53, consensus $1.38

Reports Q2 revenue $1.22B, consensus $1.2B. Reports Q2 online average monthly churn of 2.9%. “AI is transforming the way we work together, and Zoom is at the forefront, driving innovation that helps people get more done, reduce costs, and deliver better experiences for customers and employees alike,” said Eric Yuan, Zoom’s founder and CEO. “We delivered an across-the-board strong Q2 marked by achieving our highest year-over-year revenue growth in 11 quarters and expanding GAAP operating margin year over year by 9 percentage points. With our robust performance, we are happy to raise our full year outlook for revenue, non-GAAP operating income, as well as free cash flow, which we now expect to be in the range of $1.74 billion to $1.78 billion.”