The company’s earnings were $0.03 per share, higher than the analysts’ expectations of just under one cent per share.
Zoom’s operating income was $8.2 million compared to an operating loss of $0.8 million in the same period in its fiscal 2019. Its operating margin was 6.7 percent. Its free cash flow improved from negative $1.1 million to $15.3 million year-over-year.
By the end of the quarter, Zoom customers increased 86 percent to 58,600. It has 405 customers contributing over $100,000 in trailing 12 months revenue.
Zoom ended the quarter with 737.2 million in total cash, cash equivalents and marketable securities. The amount included $545 million in proceeds from its IPO and private placement, net of underwriting discounts and commissions and other offering costs.
Financial outlook
In the second quarter, Zoom is expecting to generate total revenue of around $129 to $130 million and earnings of around $0.01 to $0.02 per share.
For the full fiscal 2020, the company is expecting to achieve total revenue of around $535 to $540 million and earnings of approximately $0.02 to $0.03 per share.
