Looking ahead, there is little doubt that Zoom’s revenue and earnings will be higher in calendar year or fiscal year, but it is the future pace of growth that matters. In summary, a higher-than-expected churn rate for Zoom’s customer segment with less than 10 staff is a key downside risk, while Zoom Phone sales could surprise on the upside and boost the company’s top line. With expectations that more people could be returning to offices in time to come as and when the pandemic is contained, the increased sales for the Zoom Phone could help to offset the reduced demand for Zoom Meetings.Īlso, as highlighted in the preceding section of this article, the introduction of new Zoom Phone Appliances with improved functionality catering to office needs like the interactive whiteboarding feature could help to drive the growth in Zoom Phone sales in the future.
On a cumulative basis, Zoom Phone sales have increased from approximately one million seats as of end calendar year to around 1. Zoom stock walks back initial surge following earnings beat, improved profit forecast May. Zoom stock flies higher despite tech rout as earnings show it is not just a pandemic darling May.ĮT by Wallace Witkowski. No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here.
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