July 29, 2022
According to the outage tracking website Downdetector, nearly 10,000 users reported having problems with the audio streaming platform. Zoom said on its status dashboard the telephony feature was facing degraded performance.
The outage comes as investors prepare for the company’s earnings report. Zoom expects earnings of $0.92 per share, down 32.35% from a year earlier, but analysts are forecasting quarterly revenue of US$1.12 billion, up 9.28% from the same period last year.
For the second quarter of fiscal year 2023, Zoom expects total revenue to be between US$1.115 billion and US$1.120 billion and non-GAAP income from operations to be between $360 million and $365 million. Non-GAAP diluted EPS is expected to be between US$0.90 and US$0.92, with approximately 308 million non-GAAP weighted average shares outstanding.
For the full fiscal year 2023, the company expects total revenue to be between US$4.530 billion and US$4.550 billion.
For the full fiscal year, non-GAAP income from operations is expected to be between US$1.480 billion and US$1.500 billion. Full fiscal year non-GAAP diluted EPS is expected to be between US$3.70 and US$3.77.
The sources for this piece include an article in Reuters.
