Zoom reported a $300m net income and $1.15bn revenue in Q4, recovering from previous losses and causing a 10% stock surge.
Zoom reported a net income of nearly $300m in its fiscal fourth-quarter, marking a significant recovery from previous losses. Revenue increased to nearly $1.15bn from less than $1.12bn in the same timeframe. The company's robust cash flows and $1.5bn share buyback authorization likely provided a tailwind to the stock. Zoom's share price surged by 10% in after-hours trading following the release of its financial results.
February 26, 2024
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