Zoom Video Communications has demonstrated significant growth in its second-quarter financial results, highlighting strong demand for its AI-powered collaboration tools, particularly for hybrid and remote work models.
In the second fiscal quarter ended July 31, 2024, Zoom's total revenue reached $1.163 billion, reflecting a 2.1% year-on-year increase, and showcasing the company's strong performance amid changing work dynamics.
Zoom’s enterprise revenue grew 3.5% annually, aided by customer acquisition, with 3,933 customers generating over $100,000 in revenue over the past year, marking a 7.1% increase.
Despite slight declines in non-GAAP income from operations, Zoom reported a significant operating cash flow of $449.3 million, up 33.7% year-on-year, indicating strong financial health.
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