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ZOOM earnings beat expectations

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 December 2020
ZOOM was on a roll in Q3

ZOOM, which became Microsoft’s rival in the communication sector since the pandemic started – posted Q3 2021 earnings that came in higher-than-expected.

In Q3, ZOOM reported an adjusted EPS of 99 cents, topping the 76 cents forecasted. The revenue came in higher than the $694 million consensus at $777.2 million. On an annualized basis, the company revenue grew 367%, as the pandemic pushed more and more people to work from home.

According to ZOOM, more than 80% of its revenue came from the 629% increase in subscriptions reported in Europe, the Middle East, Africa, and the Asia-Pacific region. In the Americas, it reported a 300% increase from last year’s numbers.

For the future, ZOOM believes that its adjusted EPS will reach a high of 79 cents on revenues of $811 million. The market is looking for an EPS of 66 cents and $730.1 million in revenue. Moreover, it will already be integrated into home-devices made by Amazon, Facebook, and Google.

Since the beginning of the year, ZOOM stock price gained 591%, while USA500 added 12%.

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Sources: cnbc.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.