![]() ![]() Moreover, its non-GAAP net income was $366.55 million, or $1.22 per share. The company’s gross profit increased 1.2% year-over-year to $823.45 million. ZM’s revenue rose 4.3% year-over-year to $1.12 billion during the fiscal fourth quarter that ended January 31. Here is what could influence ZM’s performance in the upcoming months: Also, non-GAAP income from operations is expected to be between $374 million and $379 million, and non-GAAP EPS between $0.96 and $0.98 with approximately 304 million non-GAAP weighted average shares.įurthermore, shares of ZM have gained 5% over the past three months, closing the last trading session at $69.19. ZM has also provided positive financial guidance for the fiscal first quarter, estimating total revenue between $1.08 billion and $1.09 billion. ![]() By partnering with a major sports league such as MLB, ZM can increase its brand visibility and reach a wider audience.Īdditionally, during the fiscal fourth quarter, ZM reported adjusted earnings of $1.22 per share, exceeding analysts’ expectations of 81 cents per share, and generated revenue of $1.12 billion, which also surpassed the estimated $1.10 billion. In addition, the number of American workers identifying as digital nomads have risen by an incredible 131% since 2019 to reach 16.9 million people.Īs the new Official Unified Communications Platform of MLB, Zoom Contact Center and the Zoom platform technology will power new elements of Major League games and broadcasts. Since the start of the pandemic, the number of digital nomads with traditional jobs has more than tripled. With remote work becoming increasingly prevalent among companies seeking to improve worker retention, many workers are embracing a new lifestyle – the digital nomad. In this piece, I’ve explained why.Īs the world continues to adapt to the new normal, many companies and workers are reevaluating the traditional 9-5 office-based work model. Hence, I think this stock stands to benefit from the rise of remote work, and could be worth buying. ( ZM) enables people to connect from anywhere in the world, making it suitable for remote work and online learning. As companies and employees embrace the flexibility and convenience of remote work, the demand for technology and services that support this trend has also grown rapidly. Following the COVID-19 pandemic, remote work culture has gained significant popularity. ![]()
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