- The video communications company Zoom (ZM, $97.44) bolts to the top after reporting second-quarter total sales of $1,099.5m, up 8% from the same period last year.
- The second quarter's GAAP income from operations was $121.7m, as opposed to the second quarter of the fiscal year 2022's GAAP income from operations of $294.6m. In addition, the second quarter's net cash generated by operating activities decreased from the first quarter of the fiscal year 2022's second quarter, which was $468m, to $257.2m.
- Analysts forecast that total sales would range between $4.385b and $4.395b for the entire fiscal year 2023. Non-GAAP income from operations for the entire fiscal year is anticipated to range between $1.440b and $1.450b. With roughly 307 million weighted average shares outstanding for the whole fiscal year, non-GAAP diluted EPS is anticipated to range between $3.66 and $3.69.