Zoom Video Communications Inc (NASDAQ:ZM) Q3 2020 Earnings Conference Call - Final Transcript

Dec 05, 2019 • 05:30 pm ET

Previous

Zoom Video Communications Inc (NASDAQ:ZM) Q3 2020 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Kelly Steckelberg

current business environment, our ability to gain market share and the momentum we have achieved so far this year.

For the fourth quarter, we expect revenue to be in the range of $175 million to $176 million. We expect non-GAAP operating income to be in the range of $17 million to $18 million. Our outlook for non-GAAP earnings per share is $0.07, based on approximately 296 million shares outstanding.

For the full-year of fiscal '20, we now expect revenue to be in the range of $609 million to $610 million, up from our prior guidance of $587 million to $590 million. This would be approximately 85% year-over-year growth.

For the full-year, non-GAAP operating income is expected to be in the range of $67 million to $68 million, an increase of approximately 50% from the top-end of our prior guidance of $42 million to $45 million. With this meaningful increase in profitability, we now expect to deliver non-GAAP earnings per share of $0.27 for the full-year fiscal 2020, based on approximately 293 million shares outstanding.

In closing, we are pleased with our progress this year and our unique ability to deliver high growth at scale, combined with profitability and free cash flow growth. I would also like to thank the entire Zoom team for their hard work in Q3. We are well-positioned to end the year strong as we stay focused on delivering happiness to our customers every day.

With that, let's open it up for questions. If you have not yet enabled your video, please do so now for the interactive portion of this meeting. Matt, please queue up our first question.