Zoom reports quarterly performance at the end of April 2024 with total revenue of 1,141.2 million dollars, an increase of 3.2% compared to the same period last year. This includes revenue from enterprise customers at 665.7 million dollars, up by 5.3%, and revenue from online channel customers at 475.5 million dollars, nearly the same as the previous year. The net profit according to GAAP accounting stands at 216.3 million dollars.
Eric S. Yuan, CEO and founder of Zoom, mentioned that Zoom continues to integrate various AI features into its platform, including Zoom Contact Center and Zoom Workplace, to enhance collaboration and increase efficiency within organizations.
With 3,883 customers generating revenue exceeding $100,000 over the past 12 months, Zoom has seen a decrease in the number of enterprise customers to approximately 191,000, attributed to 26,800 organizations shifting from traditional distribution channels to online purchases, impacting their monthly recurring revenue. The revenue from these customers now falls under the online channel category.
TLDR: Zoom’s quarterly report for April 2024 shows an increase in total revenue, a focus on AI integration, and a shift towards online customer acquisitions impacting monthly recurring revenue.
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