Zoom said Q2 revenue increased 3.6% YoY to $1.14 billion, which beat the consensus estimate of $1.11 billion. The communications company reported quarterly adjusted earnings of $1.34 per share, which also beat the median estimate of $1.03 per share, marking the 17th consecutive EPS beat for Zoom, which looks to be nicely recovering from the post-pandemic melancholia.

Operating cash flow came in at $336 million, up 30.6% on an annual basis. Zoom ended the reporting quarter with approximately 218,200 enterprise customers, up 6.9% YoY. Monthly recurring revenue from long-term customers accounts for 75% of total recurring revenue. Q2 Enterprise revenue of $659.5 million, up 10.2% YoY.

Q2 GAAP operating margin improved to 15.6% and non-GAAP operating margin – to an impressive 40.5%. Q2 operating cash flow of $336.0 million, was also up, by a whopping 30.6% YoY. Number of customers contributing more than $100,000 in trailing 12 months revenue rose by 17.8% on an annual basis. The company's most frequently cited single biggest concern, its expenses, now look under control, and the total operating expenses decreased by 1.40% YoY.

Q3 Outlook: Total revenue is expected to be in the range of $1.115 billion to $1.120 billion, and currency-neutral revenue is expected between $1.117 billion to $1.122 billion. Non-GAAP operating income is expected to be between $400 million to $405 million. Diluted non-GAAP earnings per share are expected to be in the range of $1.07 to $1.09 with approximately 309 million weighted average shares outstanding.