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    IBM Corporation logo. (PRNewsfoto/IBM)

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    IBM Corporation logo. (PRNewsfoto/IBM)

    IBM Report: Two-Thirds of UK Firms Gain from AI–Reskilling Key to Unlocking Greater Productivity

    Caption : Eurostar Celestia train arriving in London St Pancras. CGI picture. Colours and livery not final. ©ALSTOM SA ©SPEEDINNOV SAS 2025. Advanced & Creative Design | Avelia Horizon™.

    “We’re particularly proud to bring double-decker trains to the UK for the very first time.”- Gwendoline Cazenave, CEO, Eurostar

    Tobacco industry targets WHO FCTC COP and MOP negotiations, Parties urged to stay vigilant

    Ministry of Steel to hold Open House on Steel Import Issues on 27th October

    DHL Express India Lights up Diwali with up to 60 Percent off for International and Domestic Shipments

    Government of Botswana and De Beers Group announce first cohort of graduates for International Graduate Development Programme

  • National
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    • Economy & Politics
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    Ramaiah Memorial Hospital Observes World Osteoporosis Day

    “Work more efficiently in your career” – Chief Minister Siddaramaiah

    Justice Smt.Tara Vitasta Ganju Sworn-In As Judge of Karnataka High Court

    “There is an urgent need to declare the month of November as “Children’s Month”- Dr. Thippeswamy K.T.

    Rashtriya Ekta Diwas to commemorate the birth anniversary of the Iron Man of India, Sardar Vallabhbhai Patel, is celebrated every year on 31st October

    NITI Aayog National Workshop on Purified Water Reuse in Bengaluru on November 6th & 7th -Hosted by Bangalore Water Supply and Sewerage Board

  • Business
    Georges Elhedery
Group CEO
PHOTO CREDIT-HSBC

    “We are becoming a simple, more agile, focused bank, built on our core strengths”-Georges Elhedery, Group CEO

    Maritime India

    India Maritime Week 2025 Set to Launch in Mumbai: World’s Largest Maritime Gathering Begins 27th October

  • Health

    Ramaiah Memorial Hospital Observes World Osteoporosis Day

    Tobacco industry targets WHO FCTC COP and MOP negotiations, Parties urged to stay vigilant

    Cautious Deepavali – Take Care of Your Eyes – Play Safe

    FDA approves Roche’s Gazyva/Gazyvaro for the treatment of lupus nephritis

    Fiji becomes the 26th country to eliminate trachoma as a public health problem

    Rotary Bangalore Midtown’s Free Eye and Health Camp Benefits 300+ Auto Drivers

  • Technology
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    • Environment
    • Science
    IBM Corporation logo. (PRNewsfoto/IBM)

    IBM Report: Two-Thirds of UK Firms Gain from AI–Reskilling Key to Unlocking Greater Productivity

    Building a Viksit Bharat with 6G

    ISRO organised Curtain Raiser on ESTIC 2025

    India Must Harness AI as a Force for Social Good to Drive Inclusive and Transformative Growth: S. Krishnan, Secretary, MeitY

    Fable Fintech’s new platform to transform operations of 500 exchange houses globally

    PSA Prof. Ajay Kumar Sood launched ‘AI Playbooks for Agriculture and SMEs’ and ‘AI Sandbox White Paper’ to accelerate Responsible AI Adoption across India

  • Auto

    Tata Motors Commercial Vehicles marks its biggest unveil in GCC

    PHOTO CREDIT-Stellantis

    Stellantis Advances Global Robotaxi Strategy With New Collaboration With NVIDIA, Uber and Foxconn

    Bolt.Earth and Atul Greentech Private Limited to Launch Nationwide Home Charging Program, Redefining EV Ownership in India

    Renault Group 2025 Q3 revenue up +6.8%  2025 financial outlook confirmed

  • Sports

    Billie Jean King Cup 2025: India to host play-offs in Bengaluru in November 14-16.

    #GoRedforDyslexia Campaign goes global to mark the Dyslexia Awareness Month

    PVL 2025: Stage set for epic clash as Mumbai Meteors and Bengaluru Torpedoes gear up for grand finale showdown

    Call for Nominations: Rotary Bangalore Abilities Brings Back the ‘Unsung Hero Awards’ for a 7th Year

  • Entertainment

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

  • Lifestyle
    • All
    • Food
    • Travel

    Jockey Expands Women’s Innerwear Category with the Launch of New Collection as part of ‘Designed to Disappear’ Campaign

    Special Train from Bengaluru to Visakhapatnam for Deepavali

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Founders addressing the media with Sonu Nigam

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

    Jockey India marks a milestone — 1500th Exclusive Brand Store in India

    Jockey Marks Retail Milestone with Launch of 1500th Exclusive Brand store in India

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Zoom Reports Financial Results for the Third Quarter of Fiscal Year 2022

FWM by FWM
November 23, 2021
in National
0
  • Third quarter total revenue of $1,050.8 million, up 35% year over year
  • Number of customers contributing more than $100,000 in TTM revenue up 94% year over year
  • Third quarter GAAP operating margin of 27.7% and non-GAAP operating margin of 39.1%

SAN JOSE, Calif., Nov. 22, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the third fiscal quarter ended October 31, 2021.

“In Q3, we held our premier user event, Zoomtopia, on our Zoom Events service. During this immersive, multi-track conference, we showcased how Zoom is placing people at the center of our communications platform, connecting their disparate work streams into our technology, moving beyond enterprises’ ability to collaborate internally, and empowering them to communicate face-to-face with their customers through Zoom Events and our upcoming Video Engagement Center. We also showcased innovations such as hot desking, whiteboarding, and smart gallery, all designed to empower both co-located and remote hybrid workforces as some companies test return to office programs,” said Zoom founder and CEO, Eric S. Yuan. “Through innovation and dedication, we will continue to deliver happiness to our customers. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54% year-over-year growth, alongside strong profitability and operating cash flow growth. We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. We believe our global brand, innovative technologies, and large customer base position us well for the future.”

Third Quarter Fiscal Year 2022 Financial Highlights:

  • Revenue: Total revenue for the third quarter was $1,050.8 million, up 35% year over year.
  • Income from Operations and Operating Margin: GAAP income from operations for the third quarter was $290.9 million, up from $192.2 million in the third quarter of fiscal year 2021. After adjusting for stock-based compensation expense and related payroll taxes, and acquisition-related expenses, non-GAAP income from operations for the third quarter was $411.3 million, up from $290.8 million in the third quarter of fiscal year 2021. For the third quarter, GAAP operating margin was 27.7% and non-GAAP operating margin was 39.1%.
  • Net Income and Diluted Net Income Per Share: GAAP net income attributable to common stockholders for the third quarter was $340.3 million, or $1.11 per share, up from $198.4 million, or $0.66 per share in the third quarter of fiscal year 2021.
    Non-GAAP net income for the third quarter was $338.4 million, after adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, gains on strategic investments, net, and undistributed earnings attributable to participating securities. Non-GAAP net income per share was $1.11. In the third quarter of fiscal year 2021, non-GAAP net income was $297.2 million, or $0.99 per share.
  • Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of October 31, 2021 was $5.4 billion.
  • Cash Flow: Net cash provided by operating activities was $394.6 million for the third quarter, compared to $411.5 million in the third quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $374.8 million, compared to $388.2 million in the third quarter of fiscal year 2021.
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