Reports Q1 revenue $1.17B, consensus $1.17B. Reports online average monthly churn of 2.8%. “We delivered another solid quarter, exceeding guidance in both revenue and profitability – a testament to the strength of our platform and AI-first innovation,” said Eric Yuan, Zoom’s founder and CEO. “In an uncertain macro-economic environment, customers are turning to Zoom to drive efficiency, improve customer and employee experiences, and future-proof their businesses. We saw continued momentum in Zoom Customer Experience, Zoom Revenue Accelerator, and Workvivo as customers look to elevate CX, reinvigorate sales, and strengthen culture. In Q1, we launched multiple new products, maintained strong operational discipline, and accelerated our share repurchase activity, reinforcing our commitment to shareholder value.”
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