Zoom Communications Reports Strong Financial Performance in Q3 2024

Zoom Communications, Inc. reported its financial performance for the three and nine months ended October 31, 2024. The company achieved a GAAP income from operations of $182.8 million and $588.2 million for the three and nine months, respectively. Non-GAAP income from operations was $457.8 million for the quarter and $1.37 billion for the nine-month period.

Zoom's GAAP net income for the quarter was $207.1 million, translating to a basic net income per share of $0.67. Non-GAAP net income per share was $1.41. For the nine months, GAAP net income was $642.4 million, with a basic net income per share of $2.08, while non-GAAP net income per share was $4.21.

The company's cash flow from operating activities was robust, with $483.2 million generated in the quarter and $1.52 billion over nine months. Free cash flow, a non-GAAP measure, amounted to $457.7 million for the quarter and $1.39 billion for the nine months.

Zoom's revenue for the quarter was $1.18 billion, reflecting a year-over-year growth of 3.6%. Revenue for the nine months was $3.48 billion, a 3.0% increase compared to the prior year. The constant currency impact on revenue was minimal, indicating stable growth despite currency fluctuations.

The company's financial performance highlights its strong operational efficiency and ability to generate significant cash flow, positioning it well for future strategic investments and growth initiatives.