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zoom Zoom Reports Financial Results for the Third Quarter of Fiscal Year 2022 November 22 , 2021 • 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 . Customer Metrics : Drivers of total revenue included acquiring new customers and expanding across existing customers . At the end of the third quarter of fiscal year 2022 , Zoom had : • 2,507 customers contributing more than $ 100,000 in trailing 12 months revenue , up approximately 94 % from the same quarter last fiscal year . Approximately 512,100 customers with more than 10 employees , up approximately 18 % 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 14th consecutive quarter . Financial Outlook : Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022 .