Zoom Q1 delivers steady performance, slightly raises full-year guidance
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```htmlGolden Ten Data, May 22|Zoom released its financial results for the first quarter. Revenue increased by 5.5% year-on-year to $1.24 billion, surpassing analysts’ average forecast of $1.22 billion. Non-GAAP earnings per share were $1.55, also exceeding the consensus estimate of $1.42. During the period, enterprise business performed steadily, with enterprise revenue rising 7.2% year-on-year. The number of customers paying more than $100,000 annually reached 4,534. Net revenue retention rate (NRR) rebounded to 99% from 98% in the previous quarter. The company slightly raised its full-year guidance, forecasting revenue to reach up to $5.09 billion, while analysts’ average expectation is $5.07 billion.```
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