After market close today, Zoom Video Communications (ZM) reported its Fiscal Q2-2023 earnings results. While revenue missed expectations, non-GAAP earnings per share (EPS) beat estimates. Zoom has beaten earnings expectations in nine of the past nine quarters. However, the company's guidance fell short of expectations. As a result, the stock is down after reporting the results. Zoom's revenue grew 8% year-over-year, reaching $1.1 billion, while estimates called for $1.2 billion in revenue. Non-GAAP EPS came in at $1.05, handily beating the $0.94 consensus. The company's non-GAAP operating margin was 35.8%, down 580 basis points from the 41.6% margin recorded in the same period last year.
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Zoom Video Communications (NASDAQ:ZM)
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