Zoom earnings top estimates, raises full-year revenue outlook

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Zoom Video Communications (ZM) reported second quarter results that topped Street estimates on both the top and bottom lines. Adjusted earnings of $1.39 per share was well above the estimated $1.22. Revenue was $1.16 billion, just above the $1.15 billion estimate.

Zoom also raised its full-year revenue guidance and issued Q3 guidance that was better than analysts were expecting.

The company also announced CFO Kelly Steckelberg is leaving. Steckelberg will be staying with Zoom through Q3 earnings.

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This post was written by Stephanie Mikulich.

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