Zoom is now forecasting total full-year revenue for fiscal 2022 between $3.975 billion and $3.990 billion, or 50% year-over-year growth, with adjusted earnings per share between $4.56 and $4.61 based on approximately 311 million shares outstanding.
June 2, 2021
Zoom had a stellar first quarter, raking in nearly $1 billion in revenue, but with the pandemic subsiding in some parts of the world, the star of the Covid-era economy is readying for a future of work that’s at least somewhat more face-to-face.
After blazing past incumbents to become synonymous with videoconferencing, the company is now talking about how the future of work will be somewhere between fully remote and fully in-person.
“Many customers I talk to are looking to create hybrid solutions as they seek to cautiously reopen some offices,” Zoom founder and CEO Eric Yuan said on an earnings call Tuesday. “Each industry, company, and individual varies in their optimal working model.”