By Davit Kirakosyan

Zoom (NASDAQ:) shares were trading around 15% higher after-hours following the company’s , with EPS of $1.03 coming in above the Street estimate of $0.87. According to the Street estimate, revenues increased 12% over the year to $1.07billion. As of quarter’s end, the company had approximately 198.900 enterprise clients, which represents a 24% increase year-over-year. Up 46%, the number of customers that contributed over $100,000 to trailing 12-months’ revenue was 2,916, an increase from 2.96 in previous years.

“In Q1, we launched Zoom Contact Center, Zoom Whiteboard and Zoom IQ for Sales, demonstrating our continued focus on enhancing the customer experience and promoting hybrid work. We believe these innovative solutions will further expand our market opportunity for future growth and expansion with customers,” said Zoom founder and CEO, Eric S. Yuan. “Additionally in Q1, we delivered revenue of over one billion dollars driven by ongoing success in Enterprise, Zoom Rooms, and Zoom Phone, which reached 3 million seats during the quarter. We also maintained strong profitability and cash flow, including 17% in GAAP operating margin, approximately 37% non-GAAP operating margin, approximately 49% operating cash flow margin, and over 46% adjusted free cash flow margin.”

According to company estimates, Q2/23 earnings per share will be in the $0.90 to $0.92 range, which is higher than the consensus estimate of $0.88. Revenues are expected to range from $1.115 to 1.12 billion, as opposed to $1.11 billion.

The company anticipates that EPS will be in the $3.70 to $3.77 range, as opposed to consensus estimates of $3.53 and that revenue will range from $4.53 to 4.55 billion, rather than the $4.55 billion consensus.

Zoom’s shares fell 51% in the year-to-date results