Zoom Exceeds Expectations

Zoom Communications Inc reported first‑quarter 2024 results that exceeded expectations and lifted its full‑year outlook. Revenue rose 5.5 % year‑over‑year to $1.24 billion, beating consensus estimates by roughly $14 million. Adjusted earnings per share hit $1.55, above analyst forecasts, prompting a 11.5 % jump in the stock on the day of the announcement. Management now projects total revenue of about $5.09 billion for FY 2024 and adjusted EPS of $5.98, an increase that reflects higher billings growth and a more optimistic view of customer demand.