ZoomExtended trading saw shares fall 13% Monday as video-calling software manufacturer issued full-year results. guidanceAnalysts had expected that this would happen.

The company’s success story is shown below:

• Earnings:Adjusted: $1.29 per Share vs. $1.06 as analysts expected, Refinitiv.
• Revenue:According to Refinitiv, $1.07 billion is more than the $1.05 billion analysts expected,

Zoom saw an increase in revenue of 21% over the same period last year. This was during Jan. 31, 31. This is a decrease from the 35% growth. the prior quarterAccording to a statement.

The quarter saw net income rise 88% to $490.5million, while gross margin increased to 76% from the previous period.

Zoom expects revenue to be lower than what analysts had expected for both the first and full-year. The current quarter’s sales will range from $1.07 billion up to $1.075 trillion, which is a growth rate of around 12%. Refinitiv analysts polled had predicted revenue of $1.1 billion.

The company expects revenue of $4.53 billion to 4.55 billion for fiscal year. This translates into 10.7% growth. Refinitiv polled analysts and expected $4.71 billion revenue.

Prior to the after-hours move, shares of Zoom were down almost 29% for the year, underperforming the S&P 500 index, which is down about 9% over the same period.

On a Zoom conference call at 5 pm, executives will talk with analysts about the results. ET.

This is important breaking news. Stay tuned for new updates.

WATCH: Results for Zoom should have implications on the broader software stocks, says Citi’s Radke