Zoom Video Communications, Inc. announced quarter one earnings on 5/23/2022, beating the market expectations. This quarter, the company showed slowing growth but raised full-year guidance and following quarter guidance as shares rose in after-hours trading.

Revenue – $1.07 billion, meeting expectations and up by 12%

Adjusted EPS – $1.03, beating expectations by $0.17

Enterprise Customers – Up 24% year over year

The company increased its full-year guidance from $3.45 – $3.51 EPS to $3.70 – $3.77 EPS. Although Zoom anticipates a great year, this quarter shows the slowest quarterly growth since 2019 (IPO year).

Source – https://cathiesark.com/arkk-holdings-of-zm

Cathie Wood’s infamous ARKK fund has consistently been adding shares of Zoom since December of 2020 as the price per share consistently trends downward.

As the company bets on a hybrid work model and raises guidance, retail remains the primary buyer.

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