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zoom Zoom Reports Financial Results for the First Quarter of Fiscal Year 2022 June 1 , 2021 • First quarter total revenue of $ 956.2 million , up 191 % year over year • Number of customers contributing more than $ 100,000 in TTM revenue up 160 % year over year • Approximately 497,000 customers with more than 10 employees , up 87 % year over year SAN JOSE , Calif . , June 01 , 2021 ( GLOBE NEWSWIRE ) -- Zoom Video Communications , Inc. ( NASDAQ : ZM ) today announced financial results for the first fiscal quarter ended April 30 , 2021 . " We kicked off the fiscal year with a very strong first quarter , posting 191 % total year - over - year revenue growth combined with strong profitability and cash flow . Our steadfast commitment to empowering customers to work and learn from anywhere with our expansive , innovative , and frictionless video communications platform continued to drive our results . With this solid start , we are pleased to raise our total guidance range to $ 3.975 billion to $ 3.990 billion for the full fiscal year , " said Zoom founder and CEO , Eric S. Yuan . " We have also opened our technology portfolio to developers through our powerful video SDK and to businesses to expand their reach through Zoom Events . Work is no longer a place , it's a space where Zoom serves to empower your teams to connect and bring their best ideas to life . We are energized to help lead the evolution to hybrid work that allows greater flexibility , productivity , and happiness to both in - person and virtual connections . " First Quarter Fiscal Year 2022 Financial Highlights : • Revenue : Total revenue for the first quarter was $ 956.2 million , up 191 % year over year . • Income from Operations and Operating Margin : GAAP income from operations for the first quarter was $ 226.3 million , up from $ 23.4 million in the first quarter of fiscal year 2021. After adjusting for stock - based compensation expense and related payroll taxes , acquisition - related expenses , and litigation settlements , net , non - GAAP income from operations for the first quarter was $ 400.9 million , up from $ 54.6 million in the first quarter of fiscal year 2021. For the first quarter , GAAP operating margin was 23.7 % and non - GAAP operating margin was 41.9 % . • Net Income and Net Income Per Share : GAAP net income attributable to common stockholders for the first quarter was $ 227.4 million , or $ 0.74 per share , up from $ 27.0 million , or $ 0.09 per share in the first quarter of fiscal year 2021 . Non - GAAP net income for the quarter was $ 402.1 million , after adjusting for stock - based compensation expense and related payroll taxes , acquisition - related expenses , litigation settlements , net , and undistributed earnings attributable to participating securities . Non - GAAP net income per share was $ 1.32 . In the first quarter of fiscal year 2021 , non - GAAP net income was $ 58.3 million , or $ 0.20 per share . • Cash and Marketable Securities : Total cash , cash equivalents , and marketable securities , excluding restricted cash , as of April 30 , 2021 was $ 4.7 billion . • Cash Flow : Net cash provided by operating activities was $ 533.3 million for the first quarter , compared to $ 259.0 million in the first quarter of fiscal year 2021. Free cash flow , which is net cash provided by operating activities less purchases of property and equipment , was $ 454.2 million , compared to $ 251.7 million in the first quarter of fiscal year 2021 . Customer Metrics : Drivers of total revenue included acquiring new customers and expanding across existing customers . At the end of the first quarter of fiscal year 2022 , Zoom had : • Approximately 497,000 customers with more than 10 employees , up approximately 87 % from the same quarter last fiscal year . • 1,999 customers contributing more than $ 100,000 in trailing 12 months revenue , up approximately 160 % from the same quarter last fiscal year . • A trailing 12 - month net dollar expansion rate in customers with more than 10 employees above 130 % for the 12th consecutive quarter . Financial Outlook : Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022 . • Second Quarter Fiscal Year 2022 : Total revenue is expected to be between $ 985.0 million and $ 990.0 million and non - GAAP income from operations is expected to be between $ 355.0 million and $ 360.0 million . Non - GAAP diluted EPS is expected to be between $ 1.14 and $ 1.15 with approximately 311 million non - GAAP weighted average shares outstanding . • Full Fiscal Year 2022 : Total revenue is expected to be between $ 3.975 billion and $ 3.990 billion . Non - GAAP income from operations is expected to be between $ 1.425 billion and $ 1.440 billion . Non - GAAP diluted EPS is expected to be between $ 4.56 and $ 4.61 with approximately 311 million non - GAAP weighted average shares outstanding . Additional information on Zoom's reported results , including a reconciliation of the non - GAAP results to their most comparable GAAP measures , is