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Home News

Zoom Ups 2025 Revenue Forecast to $4.66bn | Enhanced Features, Reliability for Enterprise Users

by Joan Aimuengheuwa
November 26, 2024
in News
0
Zoom Ups 2025 Revenue Forecast to $4.66bn | Enhanced Features, Reliability for Enterprise Users
Zoom

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Zoom Video Communications has raised its revenue and profit projections for the 2025 fiscal year, driven by increasing demand for its video conferencing software and a growing product lineup to support hybrid work environments. 

The company also announced an expansion of its share buyback programme by $1.2 billion, reiterating its strong financial health and confidence in future performance.  

Nonetheless, Zoom’s stock fell by 3% in after-hours trading, following a 3.5% gain earlier in the day. Market analysts, including Michael Ashley Schulman of Running Point Capital, suggested the decline was likely due to profit-taking ahead of a short Thanksgiving trading week.  

Zoom’s revised revenue outlook now stands between $4.65 billion and $4.66 billion, slightly up from the previous estimate of $4.63 billion to $4.64 billion. 

Similarly, the company raised its forecast for adjusted earnings per share to a range of $5.41 to $5.43, an improvement from the prior range of $5.29 to $5.32.  

The company continues to benefit from strong enterprise spending, with hybrid work setups becoming standard for many businesses. 

Zoom’s push to enhance its offerings, including integrating advanced technology solutions into its platform, has made it indispensable for a growing number of organisations.

Enterprise customers now account for 59% of Zoom’s total revenue, a 6% increase from the same period last year, revealing the company’s shift toward larger corporate clients. 

Michelle Chang, the newly appointed chief financial officer, highlighted this evolution during a post-earnings call, noting strong uptake in the enterprise segment as a key driver of growth.  

For the third quarter ending 31 October, Zoom reported $1.18 billion in revenue, surpassing analysts’ estimates of $1.16 billion, according to LSEG data. The company also posted adjusted earnings of $1.38 per share, exceeding market expectations of $1.31 per share.  

However, Zoom faces competition from industry giants like Microsoft Teams and Cisco Webex, both of which are vying for top place in the crowded video conferencing market. 

Businesses are embracing hybrid working models more and more and the battle for client loyalty is increasing, pressuring Zoom to maintain its edge through innovation and customer-centric strategies.  

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Tags: Michelle ChangZoomZoom Enterprise usersZoom revenueZoom Video Communications
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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