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#Flaws deleted zoom keybase app kept for free#
#Flaws deleted zoom keybase app kept full#
#Flaws deleted zoom keybase app kept software#

They may continue to trickle in from here, depending on how long stay-at-home lasts. We expected a huge increase, but that is a massive influx of new customers. Zoom more than tripled its customer base sequentially. This company is now flush with cash.Ĭustomer growth rate more than quintupled YoY. This company, founded in 2011, and IPOing just over a year ago, has 77% FCF margin from revenues growing 169%. FCF yield, on the other hand, is just eye-poppingly insane.

Hence the op margins retreating a bit, from 20.4% to 16.6%. So while revenue growth rate grew 2.17x, op inc growth rate grew 1.9x.

#Flaws deleted zoom keybase app kept for free#

They had lots of expanded infrastructure to support the massive increase in traffic, and huge number of new accounts they supported for free (like those 100K schools). Operating income, of course, couldn't keep up with that. Revenue nearly rose as much sequentially (+74.3%) as it did YoY in the prior earnings report (+78%). Revenue growth rate more than doubled in a half a quarter. Let's look at things Q over Q (Q4 to Q1), as YoY is pretty meaningless given how rapid this has taken place.

#Flaws deleted zoom keybase app kept full#

The fact we haven't yet seen a full quarter of The New Zoom is. I am in shock after reading this report, it is that astounding.

non-enterprise custs (2 years in a quarter and a half.

new banking customer deployed 175K licenses this Q.

had to lean on AWS heavily to help scale, and now Oracle cloud.

20x increase in annualized meeting minutes run rate (100B in Jan to >2T in April).

peaked at >300M daily meeting participants in April, compared to 10M last December.

>500 new lands at ARR > 100K (so will show up in Custs >100K over next 1-3Qs).

NOTE: custs >100K figures were in TTM (actual spend) not ARR (annualized out).

71% of growth is new custs, 29% of growth in existing custs expanding.

will be opening multiple R&D centers in USA, with ~500 empl expected.

several major schools have removed their restrictions in using Zoom after security/privacy improvement.

partnered with Secure Code Warrior for improving its developers' best practices in security & privacy.

acquired Keybase to accelerate integrating end-to-end (E2E) encryption.

had major focus on security & privacy betterment, with multiple updates to app.

huge explosion in customers, especially international.

also launched Zoom Cares philanthropic arm, to focus on education, climate change & social equity.

corporate donations to COVID-19 focused charities.

supported 100K K-12 schools for free, across 25 countries.

#Flaws deleted zoom keybase app kept software#

CC transcript (TMF) First analyst in Q&A: “You just delivered one of, if not the, greatest all-time quarter in enterprise software history.” The Raw Numbers ^^ = Accelerating, !! = highlight Revenue 328.2M +169% !!!!Īdj Gross Margin 69.4% -1150bps, -1480bps seq