Zoom Communications Inc. (NASDAQ:ZM) delivered a clean Q2 2027 print. Total revenue grew 4.9% year over year to $1.28 billion, beating estimates of $1.27 billion, while EPS of $1.55 beat the $1.48 consensus. Revenue growth was backed by 7.8% growth in Enterprise revenue, its strongest growth rate in three years. Remaining performance obligations also grew 14% year-over-year, but the stock fell anyway.
On August 26, Citizens ****** yst Patrick Walravens reiterated a Market Perform rating on Zoom Communications Inc. (NASDAQ: ZM), building on the view that the stock is already fairly valued and that the market has stopped rewarding the stock for beating a number it usually beats.
Photo by Chris Montgomery on Unsplash
Zoom's enterprise revenue witnessed its strongest growth in years. Enterprise sales increased 7.8% year-over-year to $787.5 million backed by multi-product deals and AI-driven offerings. The segment now accounts for an estimated 62% of total revenue.
Zoom's remaining performance obligations also grew to $4.5 billion, beating the consensus estimate of $4.3 billion. The company's AI strategy is also strengthening. Its AI-first Customer Experience Portfolio produced high-double-digit ARR growth, licensed monthly active users for AI features in the Workplace product grew 125% year on year, while customer numbers for Zoom Virtual Agent, its automated system handling inbound customer queries, rose 256%.
#revenue
On August 26, Citizens ****** yst Patrick Walravens reiterated a Market Perform rating on Zoom Communications Inc. (NASDAQ: ZM), building on the view that the stock is already fairly valued and that the market has stopped rewarding the stock for beating a number it usually beats.
Photo by Chris Montgomery on Unsplash
Zoom's enterprise revenue witnessed its strongest growth in years. Enterprise sales increased 7.8% year-over-year to $787.5 million backed by multi-product deals and AI-driven offerings. The segment now accounts for an estimated 62% of total revenue.
Zoom's remaining performance obligations also grew to $4.5 billion, beating the consensus estimate of $4.3 billion. The company's AI strategy is also strengthening. Its AI-first Customer Experience Portfolio produced high-double-digit ARR growth, licensed monthly active users for AI features in the Workplace product grew 125% year on year, while customer numbers for Zoom Virtual Agent, its automated system handling inbound customer queries, rose 256%.
#revenue
2 months ago
