ZOOM מדווחת על תוצאות כספיות לרבעון הראשון של שנת הכספים 2022
סן חוזה, קליפורניה, 1 ביוני 2021, (GLOBE NEWSWIRE) :
Zoom Video Communications, Inc. (NASDAQ:ZM) דיווחה היום על תוצאותיה הכספיות לרבעון הפיסקלי הראשון שהסתיים ב-30 באפריל 2021.
"פתחנו את שנת הכספים עם רבעון ראשון חזק מאוד, בו הצגנו צמיחה של 191% בהכנסות משנה לשנה בשילוב עם רווחיות חזקה ותזרים מזומנים. המחויבות האיתנה שלנו להעצמת הלקוחות לעבודה ולימודים מכל מקום באמצעות פלטפורמת תקשורת הווידאו הנרחבת, החדשנית והקלה לשימוש שלנו המשיכה להתממש בתוצאות שלנו. עם התחלה מבוססת שכזו, אנו שמחים להעלות את טווח הצפי הכולל שלנו לבין 3.975 מיליארד דולר ל-3.990 מיליארד דולר לשנת הכספים המלאה", אמר מייסד ומנכ"ל זום, אריק ס. יואן. "פתחנו גם את היצע המוצרים הטכנולוגי שלנו למפתחים, באמצעות ה-SDK של טכנולוגיית הוידאו רבת העוצמה שלנו, ולעסקים כדי להרחיב את התפוצה שלהם באמצעות אירועי זום. עבודה היא כבר לא מקום, זה מקום שבו Zoom משמש כדי להעצים את הצוותים שלך להתחבר ולהביא את הרעיונות הטובים ביותר שלהם לחיים. אנו מלאי אנרגיה כדי להוביל את האבולוציה לעבודה היברידית המאפשרת גמישות רבה יותר, פרודוקטיביות ואושר הן לקשרים פנים אל פנים והן לקשרים וירטואליים".
עיקרי שנת הכספים 2022 ברבעון הראשון של 2022:
מדדי לקוחות: מנהלי התקנים של סך ההכנסות כללו רכישת לקוחות חדשים והתרחבות בין לקוחות קיימים. בסוף הרבעון הראשון של שנת הכספים 2022, זום היה:
תחזית פיננסית: זום מספקת את ההנחיות הבאות לשנת הכספים 2022 של הרבעון השני ולשנת הכספים המלאה שלה 2022.
מידע נוסף על התוצאות המדווחות של זום, כולל התאמה של התוצאות על בסיס Non-GAAP למדדי ה-GAAP הדומים ביותר שלהן, נכלל בטבלאות הפיננסיות שלהלן. התאמה של צעדי הנחיה על בסיס Non-GAAP למדדים מקבילים של GAAP אינה זמינה על בסיס צופה פני עתיד ללא מאמץ בלתי סביר בשל אי הוודאות של ההוצאות שעשויות להיגרם בעתיד, אם כי חשוב לציין כי גורמים אלה עשויים להיות מהותיים לתוצאות זום שחושבו בהתאם ל- GAAP.
מצגת פיננסית משלימה ומידע נוסף ניתן לגשת דרך אתר קשרי המשקיעים של זום ב investors.zoom.us.
זום שיחת רווחי וידאו
זום תארח סמינר מקוון וידאו זום למשקיעים ב-1 ביוני 2021 בשעה 14:00 שעון החוף המערבי / 17:00 שעון החוף המזרחי, כדי לדון בתוצאות הכספיות של החברה ובהדגשות העסקיות.
המשקיעים מוזמנים להצטרף לסמינר האינטרנטי של זום וידאו על ידי ביקור: https://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 (NASDAQ:ZM) והמטה שלה בסן חוזה, קליפורניה. בקרו באתר zoom.com ותעקבו אחרי @zoom.
ליצירת קשר:
קשרי עיתונות:
Colleen Rodriguez
Global Public Relations Lead for Zoom
press@zoom.us
קשרי משקיעים:
Tom McCallum
Head of Investor Relations for Zoom
investors@zoom.us
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 second quarter of fiscal year 2022 and full fiscal year 2022, Zoom’s growth strategy and business aspirations to lead the evolution to hybrid work. 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 annual report on Form 10-K for the fiscal year ended January 31, 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, and undistributed earnings attributable to participating securities. 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.
Zoom Video Communications, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands)
|
|
|
As of |
||||||
|
|
|
April 30, |
|
January 31, |
||||
|
Assets |
|
|
|
|
||||
|
Current assets: |
|
|
|
|
||||
|
Cash and cash equivalents |
|
$ |
1,557,270 |
|
|
$ |
2,240,303 |
|
|
Marketable securities |
|
3,132,309 |
|
|
2,004,410 |
|
||
|
Accounts receivable, net |
|
366,346 |
|
|
294,703 |
|
||
|
Deferred contract acquisition costs, current |
|
148,645 |
|
|
136,630 |
|
||
|
Prepaid expenses and other current assets |
|
136,326 |
|
|
116,819 |
|
||
|
Total current assets |
|
5,340,896 |
|
|
4,792,865 |
|
||
|
Deferred contract acquisition costs, noncurrent |
|
155,295 |
|
|
157,262 |
|
||
|
Property and equipment, net |
|
192,410 |
|
|
149,924 |
|
||
|
Operating lease right-of-use assets |
|
93,780 |
|
|
97,649 |
|
||
|
Goodwill |
|
24,340 |
|
|
24,340 |
|
||
|
Other assets, noncurrent |
|
81,890 |
|
|
75,953 |
|
||
|
Total assets |
|
$ |
5,888,611 |
|
|
$ |
5,297,993 |
|
|
Liabilities and stockholders’ equity |
|
|
|
|
||||
|
Current liabilities: |
|
|
|
|
||||
|
Accounts payable |
|
$ |
8,324 |
|
|
$ |
8,664 |
|
|
Accrued expenses and other current liabilities |
|
450,678 |
|
|
393,018 |
|
||
|
Deferred revenue, current |
|
1,069,334 |
|
|
858,284 |
|
||
|
Total current liabilities |
|
1,528,336 |
|
|
1,259,966 |
|
||
|
Deferred revenue, noncurrent |
|
25,089 |
|
|
25,211 |
|
||
|
Operating lease liabilities, noncurrent |
|
86,433 |
|
|
90,415 |
|
||
|
Other liabilities, noncurrent |
|
56,020 |
|
|
61,634 |
|
||
|
Total liabilities |
|
1,695,878 |
|
|
1,437,226 |
|
||
|
|
|
|
|
|
||||
|
Stockholders’ equity: |
|
|
|
|
||||
|
Preferred stock |
|
— |
|
|
— |
|
||
|
Common stock |
|
293 |
|
|
292 |
|
||
|
Additional paid-in capital |
|
3,292,241 |
|
|
3,187,168 |
|
||
|
Accumulated other comprehensive income |
|
200 |
|
|
839 |
|
||
|
Retained earnings |
|
899,999 |
|
|
672,468 |
|
||
|
Total stockholders’ equity |
|
4,192,733 |
|
|
3,860,767 |
|
||
|
Total liabilities and stockholders’ equity |
|
$ |
5,888,611 |
|
|
$ |
5,297,993 |
|
Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $28.8 million and $24.6 million as of April 30, 2021 and January 31, 2021, respectively.
Zoom Video Communications, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share amounts)
|
|
|
Three Months Ended April 30, |
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|
|
|
2021 |
|
2020 |
||||
|
Revenue |
|
$ |
956,237 |
|
|
$ |
328,167 |
|
|
Cost of revenue |
|
264,994 |
|
|
103,707 |
|
||
|
Gross profit |
|
691,243 |
|
|
224,460 |
|
||
|
Operating expenses: |
|
|
|
|
||||
|
Research and development |
|
65,175 |
|
|
26,389 |
|
||
|
Sales and marketing |
|
245,667 |
|
|
121,556 |
|
||
|
General and administrative |
|
154,089 |
|
|
53,130 |
|
||
|
Total operating expenses |
|
464,931 |
|
|
201,075 |
|
||
|
Income from operations |
|
226,312 |
|
|
23,385 |
|
||
|
Interest income and other, net |
|
2,619 |
|
|
5,790 |
|
||
|
Income before provision for income taxes |
|
228,931 |
|
|
29,175 |
|
||
|
Provision for income taxes |
|
1,400 |
|
|
2,100 |
|
||
|
Net income |
|
227,531 |
|
|
27,075 |
|
||
|
Undistributed earnings attributable to participating securities |
|
(148 |
) |
|
(39 |
) |
||
|
Net income attributable to common stockholders |
|
$ |
227,383 |
|
|
$ |
27,036 |
|
|
|
|
|
|
|
||||
|
Net income per share attributable to common stockholders: |
|
|
|
|
||||
|
Basic |
|
$ |
0.77 |
|
|
$ |
0.10 |
|
|
Diluted |
|
$ |
0.74 |
|
|
$ |
0.09 |
|
|
Weighted-average shares used in computing net income per share attributable to common stockholders: |
|
|
|
|
||||
|
Basic |
|
293,794,778 |
|
|
279,891,111 |
|
||
|
Diluted |
|
305,412,419 |
|
|
295,184,958 |
|
||
Zoom Video Communications, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
|
|
|
Three Months Ended April 30, |
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|
|
|
2021 |
|
2020 |
||||
|
Cash flows from operating activities: |
|
|
|
|
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|
Net income |
|
$ |
227,531 |
|
|
$ |
| |
