Zoom's first quarter revenue and EPS beat estimates, prompting a raised full-year fiscal 2027 outlook.

Zoom reported first quarter fiscal 2027 revenue of $1.24 billion and non-GAAP EPS of $1.55, exceeding analyst expectations. The company also raised its full-year revenue and earnings guidance.

Key Highlights

• First quarter revenue grew 5.5% year-over-year to $1.24 billion, driven by a 7.2% increase in Enterprise revenue to $755.7 million.
• The number of customers contributing over $100,000 in trailing 12-month revenue increased 8.2% year-over-year to 4,534, slightly ahead of investor expectations.
• Zoom raised its full-year fiscal 2027 revenue guidance to a range of $5.08 billion to $5.09 billion and non-GAAP EPS to between $5.96 and $6.00.
• The board authorized an additional $1.0 billion for the company's share repurchase program.