הכנסות כוללות ברבעון השני בסך 1,021.5 מיליון דולר,
עלייה של 54% משנה לשנה
מספר הלקוחות התורמים יותר מ- 100,000$ בהכנסות TTM עלה ב-131% משנה לשנה
הרווח התפעולי GAAP ברבעון השני של 28.8% ושולי תפעול Non-GAAP של 41.6%
סן
חוזה, קליפורניה, 30 באוגוסט 2021, (GLOBE NEWSWIRE) :
Zoom
Video Communications Inc. (נאסד"ק: ZM) הודיעה היום על תוצאות כספיות לרבעון השני
של שנת הכספים שהסתיים ביום 31 ביולי 2021.
"ברבעון השני השגנו את הרבעון הראשון שלנו בהכנסות של מיליארד
דולר תוך מתן רווחיות חזקה ותזרים מזומנים", אמר מייסד ומנכ"ל זום, אריק
ס. יואן. "הרבעון השני גם סימן כמה אבני דרך על ההתרחבות שלנו מעבר לפלטפורמת
UC. השקנו
את Zoom Apps, והבאנו מעל 50 אפליקציות ישירות לחוויית הזום, ואירועי זום, שירות
אירועים דיגיטליים All-in-One. כיום אנחנו מותג גלובלי שסופר יותר מחצי מיליון לקוחות עם יותר מ-10
עובדים, שלדעתנו מציבים אותנו היטב כדי לתמוך בארגונים ובאנשים פרטיים כשהם מחפשים
לדמיין מחדש את העבודה, התקשורת ושיתוף הפעולה".
דגשים פיננסיים לרבעון השני 2022:
הכנסות: סך ההכנסות ברבעון השני
הסתכמו ב-1,021.5 מיליון דולר, עלייה של 54% משנה לשנה.
הכנסות מפעילות ומרווח תפעולי: הכנסות GAAP מפעילות
ברבעון השני הסתמו ב-294.6 מיליון דולר, לעומת 188.1 מיליון דולר ברבעון השני של שנת
הכספים 2021. לאחר התאמה להוצאות פיצוי מבוססות מניות ומסי שכר נלווים, הוצאות הקשורות
לרכישה והוצאות הקשורות לתרומה לצדקה של מניות רגילות, הכנסותnon-GAAP
מפעילות ברבעון השני הסתמנו ב-424.7
מיליון דולר, לעומת 277.0 מיליון דולר ברבעון השני של שנת הכספים 2021. ברבעון השני
עמד הרווח התפעולי על GAAP על 28.8% והרווח התפעולי על non-GAAP
עמד על 41.6%.
הרווח הנקי והרווח הנקי המדולל למניה: הרווח הנקי GAAP המיוחס
לבעלי המניות המשותפים ברבעון השני עמד על 316.9 מיליון דולר, או 1.04 דולר למניה,
לעומת 185.7 מיליון דולר, או 0.63 דולר למניה ברבעון השני של שנת הכספים 2021.
הרווח הנקי Non-GAAP ברבעון
הסתכם ב-415.1 מיליון דולר, לאחר התאמה להוצאות פיצוי מבוססות מניות ומסי שכר נלווים,
הוצאות הקשורות לרכישה, רווחים על השקעות אסטרטגיות, רווחים לא מיוחסים לניירות ערך
משתתפים והוצאות הקשורות לתרומה לצדקה של מניות משותפות. הרווח הנקי למניה על Non-GAAP עמד
על 1.36 דולר. ברבעון השני של שנת הכספים 2021 הסתכם הרווח הנקי non-GAAP
ב-274.8 מיליון דולר, או 0.92 דולר
למניה.
מזומנים וניירות ערך סחירים: סך המזומנים, שווי
המזומנים וניירות ערך הניתנים לשיווק, לא כולל מזומנים מוגבלים, נכון ל-31 ביולי 2021
היה 5.1 מיליארד דולר.
תזרים מזומנים: המזומנים נטו המסופקים מפעילות
שוטפת הסתמכו על 468.0 מיליון דולר ברבעון השני, בהשוואה ל-401.3 מיליון דולר ברבעון
השני של שנת הכספים 2021. תזרים המזומנים החופשי, שהוא מזומנים נטו המסופקים על ידי
פעילויות תפעוליות בניכוי רכישות של נכסים וציוד, עמד על 455.0 מיליון דולר, לעומת
373.4 מיליון דולר ברבעון השני של שנת הכספים 2021.
מדדי לקוחות: מניעים של סך ההכנסות כללו
רכישת לקוחות חדשים והתרחבות בין לקוחות קיימים. בסוף הרבעון השני של שנת הכספים 2022,
לזום היה:
2,278 לקוחות שתרמו יותר מ-100,000 דולר בהכנסות נגררים
של 12 חודשים, עלייה של כ-131% לעומת הרבעון המקביל אשתקד.
כ-504,900 לקוחות עם יותר מ-10 עובדים, עלייה של כ-36% לעומת הרבעון המקביל אשתקד.
קצב התרחבות דולר נטו נגרר של 12 חודשים בלקוחות עם
יותר מ-10 עובדים מעל 130% ברבעון ה-13 ברציפות.
תחזית פיננסית: זום מספקת את ההדרכה הבאה
לשנת הכספים 2022 של הרבעון השלישי ולשנת הכספים המלאה שלה 2022.
שנת הכספים 2022 ברבעון השלישי: סך ההכנסות צפויות
להיות בין 1.015 מיליארד דולר ל- 1.020 מיליארד דולר, וההכנסות על non-GAAP
מפעילות צפויות להיות בין 340.0 מיליון
דולר ל-345.0 מיליון דולר. ה-EPS המדולל על-ידי Non-GAAP צפוי
לעמוד על בין 1.07 ל-1.08 דולר עם כ-309 מיליון מניות ממוצעות משוקללות non-GAAP.
שנת הכספים המלאה 2022: סך ההכנסות צפוי להיות בין
4.005 מיליארד דולר ל-4.015 מיליארד דולר. הכנסות Non-GAAP מפעילות
צפויות להיות בין 1.500 מיליארד דולר ל-1.510 מיליארד דולר. ה-EPS המדולל
על-GAAP צפוי
לעמוד על בין 4.75 ל-4.79 דולר עם כ-308 מיליון מניות ממוצעות משוקללות Non-GAAP.
מידע נוסף על התוצאות המדווחות של זום, כולל התאמה
של תוצאות non-GAAP לאמצעים הדומים ביותר שלהם ל-GAAP, נכלל
בטבלאות הפיננסיות שלהלן. התאמה של צעדי הנחיה non-GAAP לאמצעי GAAP תואמים
אינה זמינה על בסיס צופה פני עתיד ללא מאמץ בלתי סביר בשל אי הוודאות של הוצאות שעלולות
להיגרם בעתיד, אם כי חשוב לציין כי גורמים אלה עשויים להיות מהותיים לתוצאות זום שחושבו
בהתאם ל- GAAP.
ניתן לגשת למצגת פיננסית משלימה ומידע נוסף דרך אתר
קשרי המשקיעים של זום www.investors.zoom.us
שיחת וידיאו על רווחי זום
זום תארח את זום וובינר וידאו למשקיעים ב-30 באוגוסט
2021 בשעה 14:00 שעון החוף המערבי / 17:00 שעון החוף המזרחי כדי לדון בתוצאות הכספיות
של החברה ובנקודות השיא העסקיות. המשקיעים מוזמנים להצטרף לוובינר הווידאו של זום בביקור:
www.investors.zoom.us
אודות
זום
זום
ZOOM היא בשבילכם. אנחנו עוזרים לכם לבטא
רעיונות, להתחבר עם אחרים, ולבנות לקראת עתיד שמוגבל רק על ידי הדמיון שלכם.
פלטפורמת התקשורת החלקה שלנו היא היחידה שהתחילה עם וידאו בבסיס שלה, וקבענו את
אמות המידה לחדשנות מאז. זאת הסיבה שאנו בחירה אינטואיטיבית, מדרגית ומאובטחת עבור
אנשים, עסקים קטנים וארגונים גדולים כאחד. זום שהוקמה ב-2011 נסחרת בבורסה
(נאסד"ק:ZM) והמטה
שלה בסן חוזה, קליפורניה. בקרו באתר zoom.com ותעקבו אחרי @zoom.
CORRECTION - Zoom Reports Financial
Results for the Second Quarter of Fiscal Year 2022
·
Secondquarter total revenue of $1,021.5
million, up 54% year over year
·
Number of customers contributing more than
$100,000 in TTM revenue up 131% year over year
·
Second quarter GAAP operating margin of
28.8% and non-GAAP operating margin of 41.6%
SAN JOSE, Calif.,
Aug. 30, 2021 (GLOBE NEWSWIRE):
Zoom Video Communications, Inc. (NASDAQ: ZM) is updating this
press release to include the “Amortization on marketable securities” line item
in its condensed consolidated statements of cash flows. Complete corrected text
follows.
Zoom Video Communications, Inc. (NASDAQ: ZM) today announced
financial results for the second fiscal quarter ended July 31, 2021.
“In Q2, we achieved our first billion dollar revenue quarter while
delivering strong profitability and cash flow,” said Zoom founder and CEO, Eric
S. Yuan. “Q2 also marked several milestones on our expansion beyond the UC
platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom
experience, and Zoom Events, an all-in-one digital events service. Today we are
a global brand counting over half a million customers with more than 10
employees, which we believe positions us extremely well to support organizations
and individuals as they look to reimagine work, communications, and
collaboration.”
Second Quarter
Fiscal Year 2022 Financial Highlights:
·
Revenue: Total revenue for the second quarter was $1,021.5 million, up 54%
year over year.
·
Income from Operations and Operating Margin: GAAP income from operations for the
second quarter was $294.6 million, up from $188.1 million in the second
quarter of fiscal year 2021. After adjusting for stock-based compensation
expense and related payroll taxes, acquisition-related expenses, and expenses
related to charitable donation of common stock, non-GAAP income from operations
for the second quarter was $424.7 million, up from $277.0 million in the second
quarter of fiscal year 2021. For the second quarter, GAAP operating margin was
28.8% and non-GAAP operating margin was 41.6%.
·
Net Income and Diluted Net Income Per Share: GAAP net income attributable to common
stockholders for the second quarter was $316.9 million, or $1.04 per share, up
from $185.7 million, or $0.63 per share in the second quarter of fiscal year
2021.
Non-GAAP net income for the quarter was $415.1
million, after adjusting for stock-based compensation expense and related
payroll taxes, acquisition-related expenses, gains on strategic investments,
undistributed earnings attributable to participating securities, and expenses
related to charitable donation of common stock. Non-GAAP net income per share
was $1.36. In the second quarter of fiscal year 2021, non-GAAP net income was
$274.8 million, or $0.92 per share.
·
Cash and Marketable Securities: Total cash, cash equivalents, and
marketable securities, excluding restricted cash, as of July 31, 2021 was
$5.1 billion.
Cash Flow:
Net cash provided by operating activities was $468.0 million for the second
quarter, compared to $401.3 million in the second quarter of fiscal year
2021. Free cash flow, which is net cash provided by operating activities less
purchases of property and equipment, was $455.0 million, compared to
$373.4 million in the second quarter of fiscal year 2021.
·
Customer Metrics: Drivers of total revenue included
acquiring new customers and expanding across existing customers. At the end of
the second quarter of fiscal year 2022, Zoom had:
·
2,278 customers contributing more than $100,000 in trailing
12 months revenue, up approximately 131% from the same quarter last fiscal
year.
·
Approximately 504,900 customers with more than 10
employees, up approximately 36% from the same quarter last fiscal year.
· A trailing 12-month
net dollar expansion rate in customers with more than 10 employees above 130%
for the 13th consecutive quarter.
Financial
Outlook: Zoom is
providing the following guidance for its third quarter fiscal year 2022 and its
full fiscal year 2022.
·
Third Quarter Fiscal Year 2022: Total revenue is expected
to be between $1.015 billion and $1.020 billion and non-GAAP income from
operations is expected to be between $340.0 million and $345.0 million.
Non-GAAP diluted EPS is expected to be between $1.07 and $1.08 with
approximately 309 million non-GAAP weighted average shares outstanding.
· Full Fiscal Year
2022: Total revenue is expected to be between $4.005 billion and $4.015
billion. Non-GAAP income from operations is expected to be between $1.500
billion and $1.510 billion. Non-GAAP diluted EPS is expected to be between
$4.75 and $4.79 with approximately 308 million non-GAAP weighted average shares
outstanding.
Additional
information on Zoom's reported results, including a reconciliation of the
non-GAAP results to their most comparable GAAP measures, is included in the financial
tables below. A reconciliation of non-GAAP guidance measures to corresponding
GAAP measures is not available on a forward-looking basis without unreasonable
effort due to the uncertainty of expenses that may be incurred in the future,
although it is important to note that these factors could be material to Zoom's
results computed in accordance with GAAP.
A supplemental
financial presentation and other information can be accessed through Zoom’s
investor relations website at investors.zoom.us.
Zoom Video
Earnings Call
Zoom will host a Zoom Video Webinar for investors on
August 30, 2021 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to
discuss the company’s financial results and business highlights. Investors are
invited to join the Zoom Video Webinar by visiting: https://investors.zoom.us/
About Zoom
Zoom is for you. We help you express ideas, connect
to others, and build toward a future limited only by your imagination. Our
frictionless communications platform is the only one that started with video as
its foundation, and we have set the standard for innovation ever since. That is
why we are an intuitive, scalable, and secure choice for large enterprises,
small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded
(NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and
follow @zoom.
Forward-Looking
Statements
This press release contains express and implied
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding our financial
outlook for the third quarter of fiscal year 2022 and full fiscal year 2022,
Zoom’s growth strategy and business aspirations to support organizations and
people on multiple fronts as they look to reimagine work, communications and
collaboration. In some cases, you can identify forward-looking statements by
terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,”
“predict,” “potential,” “target,” “explore,” “continue,” or the negative of
these terms, and similar expressions intended to identify forward-looking
statements. By their nature, these statements are subject to numerous
uncertainties and risks, including factors beyond our control, that could cause
actual results, performance or achievement to differ materially and adversely
from those anticipated or implied in the statements, including: declines in new
customers and hosts, renewals or upgrades, difficulties in evaluating our
prospects and future results of operations given our limited operating history,
competition from other providers of communications platforms, continued
uncertainty regarding the extent and duration of the impact of COVID-19 and the
responses of government and private industry thereto, including the potential
effect on our user growth rate once the impact of the COVID-19 pandemic tapers,
particularly as a vaccine becomes widely available, and users return to work or
school or are otherwise no longer subject to shelter-in-place mandates, as well
as the impact of COVID-19 on the overall economic environment, any or all of
which will have an impact on demand for remote work solutions for businesses as
well as overall distributed, face-to-face interactions and collaboration using
Zoom, delays or outages in services from our co-located data centers, and
failures in internet infrastructure or interference with broadband access which
could cause current or potential users to believe that our systems are
unreliable. Additional risks and uncertainties that could cause actual outcomes
and results to differ materially from those contemplated by the forward-looking
statements are included under the caption “Risk Factors” and elsewhere in our
most recent filings with the Securities and Exchange Commission (the “SEC”),
including our quarterly report on Form 10-Q for the fiscal quarter ended April
30, 2021. Forward-looking statements speak only as of the date the statements
are made and are based on information available to Zoom at the time those
statements are made and/or management's good faith belief as of that time with
respect to future events. Zoom assumes no obligation to update
forward-looking statements to reflect events or circumstances after the date
they were made, except as required by law.
Non-GAAP
Financial Measures
Zoom has provided in this press release financial
information that has not been prepared in accordance with generally accepted
accounting principles in the United States (“GAAP”). Zoom uses these non-GAAP
financial measures internally in analyzing its financial results and believes
that use of these non-GAAP financial measures is useful to investors as an
additional tool to evaluate ongoing operating results and trends and in
comparing Zoom’s financial results with other companies in its industry, many
of which present similar non-GAAP financial measures.
Non-GAAP
financial measures are not meant to be considered in isolation or as a substitute
for comparable GAAP financial measures and should be read only in conjunction
with Zoom’s condensed consolidated financial statements prepared in accordance
with GAAP. A reconciliation of Zoom’s historical non-GAAP financial measures to
the most directly comparable GAAP measures has been provided in the financial
statement tables included in this press release, and investors are encouraged
to review the reconciliation.
Non-GAAP
Income From Operations and Non-GAAP Operating Margins. Zoom defines non-GAAP
income from operations as income from operations excluding stock-based
compensation expense and related payroll taxes, expenses related to charitable
donation of common stock, acquisition-related expenses, and litigation
settlements, net. Zoom excludes stock-based compensation expense and expenses
related to charitable donation of common stock because they are non-cash in
nature and excluding these expenses provides meaningful supplemental
information regarding Zoom’s operational performance and allows investors the
ability to make more meaningful comparisons between Zoom’s operating results
and those of other companies. Zoom excludes the amount of employer payroll
taxes related to employee stock plans, which is a cash expense, in order for
investors to see the full effect that excluding stock-based compensation
expense had on Zoom's operating results. In particular, this expense is
dependent on the price of our common stock and other factors that are beyond
our control and do not correlate to the operation of the business. Zoom views
acquisition-related expenses when applicable, such as amortization of acquired
intangible assets, transaction costs, and acquisition-related retention
payments that are directly related to business combinations as events that are
not necessarily reflective of operational performance during a period. Zoom
excludes significant litigation settlements, net of amounts covered by
insurance, that we deem not to be in the ordinary course of our business. In
particular, Zoom believes the consideration of measures that exclude such
expenses can assist in the comparison of operational performance in different
periods which may or may not include such expenses and assist in the comparison
with the results of other companies in the industry.
Non-GAAP
Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines
non-GAAP net income and non-GAAP net income per share, basic and diluted, as
GAAP net income attributable to common stockholders and GAAP net income per
share attributable to common stockholders, basic and diluted, respectively,
adjusted to exclude stock-based compensation expense and related payroll taxes,
expenses related to charitable donation of common stock, acquisition-related
expenses, litigation settlements, net, gains on strategic investments, and undistributed
earnings attributable to participating securities. Zoom excludes gains on
strategic investments because given the size and volatility in the ongoing
adjustments to the valuation of our strategic investments, we believe that
excluding these gains or losses facilitates a more meaningful evaluation of our
operational performance. Zoom excludes undistributed earnings attributable to
participating securities because they are considered by management to be
outside of Zoom’s core operating results, and excluding them provides investors
and management with greater visibility to the underlying performance of Zoom’s
business operations, facilitates comparison of its results with other periods
and may also facilitate comparison with the results of other companies in the
industry.
In
order to calculate non-GAAP net income per share, basic and diluted, Zoom uses
a non-GAAP weighted-average share count. Zoom defines non-GAAP weighted-average
shares used to compute non-GAAP net income per share, basic and diluted, as
GAAP weighted average shares used to compute net income per share attributable
to common stockholders, basic and diluted, adjusted to reflect the common stock
issued in connection with the IPO, including the concurrent private placement,
that are outstanding as of the end of the period as if they were outstanding as
of the beginning of the period for comparability.
Free
Cash Flow. Zoom defines free cash flow as GAAP net cash provided by operating
activities less purchases of property and equipment. Zoom considers free cash
flow to be a liquidity measure that provides useful information to management
and investors regarding net cash provided by operating activities and cash used
for investments in property and equipment required to maintain and grow the
business.
Customer
Metrics
Zoom defines a customer as a separate and distinct
buying entity, which can be a single paid host or an organization of any size
(including a distinct unit of an organization) that has multiple paid hosts.
Zoom
calculates net dollar expansion rate as of a period end by starting with the
annual recurring revenue (“ARR”) from all customers with more than 10 employees
as of 12 months prior (“Prior Period ARR”). Zoom defines ARR as the annualized
revenue run rate of subscription agreements from all customers at a point in
time. We then calculate the ARR from these customers as of the current period
end (“Current Period ARR”), which includes any upsells, contraction, and
attrition. Zoom divides the Current Period ARR by the Prior Period ARR to
arrive at the net dollar expansion rate. For the trailing 12 months
calculation, Zoom takes an average of the net dollar expansion rate over the
trailing 12 months.
