Zoom Communications Inc (NASDAQ:ZM) reported second-quarter financial results after the market close on Thursday. Here’s a rundown of the report.
Q2 Highlights: Zoom reported second-quarter revenue of $1.22 billion, beating the consensus estimate of $1.20 billion. The communications company reported second-quarter adjusted earnings of $1.53 per share, beating analyst estimates of $1.37 per share, according to Benzinga Pro.
Total revenue was up 4.7% on a year-over-year basis. Enterprise revenue was up 7% year-over-year, and online revenue was up 1.4% year-over-year.
Zoom said online monthly average churn was 2.9% in the quarter. The company ended the quarter with 4,274 customers contributing more than $100,000 in trailing 12 months revenue, up 8.7% year-over-year.
Net …