Zoom has announced revenue of $1.0995 billion in its second quarter of 2022.

Revenue for the video communication platform’s second quarter, which ended 31 July 2022, represented an eight per cent year over year increase.

Other results from the second quarter included cash and marketable securities at $5.5 billion, non-GAAP net income at $323.5 million, and a total of 204,100 enterprise customers, up 18 per cent from the same quarter of the last fiscal year.

Commenting on the results, Kelly Steckelberg, chief financial officer at Zoom, said: “In Q2, we delivered our fifth straight quarter with revenue of over one billion dollars.

“While we saw continued momentum with our enterprise customers and our non-GAAP operating income came in meaningfully higher than our outlook, our revenue was impacted by the strengthening of the US dollar, performance of the online business, and to a lesser extent sales weighted to the backend of the quarter.”

She added: “Consequently, we are now expecting to deliver FY23 revenue in the range of $4.385 billion to $4.395 billion.”

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