Η Zoom Video Communications had a strong second quarter, but it will be difficult if one compares the growth of the company a year ago.
It's somewhat comical that the latest quarterly data released by Zoom did not excite many analysts, especially considering that the platform's quarterly sales exceeded $ 1 billion for the first time.
Her prospects Zoom for third-quarter revenue of $ 1,015 billion to $ 1,02 billion, or a 31% increase over last year, were stable, showing signs of normalization. In other words, its development Zoom will slow down throughout fiscal year 2022 due to comparisons with a year ago.
The Zoom clearly goes as a platform game aimed at large companies. CEO Eric Yuan stated that Zoom saw multiple upsell offers in the second quarter as companies added services like Zoom Phone and the company is developing its developer ecosystem. Acquiring Five9 will also help the cause of the platform.
Oppenheimer analyst Ittai Kidron said: "There are now signs of normalization after a period of astronomical growth since the onset of the COVID-19 pandemic."
Her Kelly Steckelberg CFO Zoom stated that the normalization of demand will be an ongoing issue.
It is important to note that as soon as we completed our first quarterly comparison on an annual basis since the beginning of the pandemic, we saw customers return to more thoughtful, measured buying patterns. While revenue, profits and cash flows were strong in the second quarter and first half, other measurements began to normalize, especially compared to unprecedented annual rates.
So it is no surprise that the price of its shares Zoom decreased by 15% after a steady quarter. Wall Street is trying to figure out what normalization means to her Zoom while weighing the promise of the platform and its sales with corresponding large companies.