04:45 PM EST, 11/25/2024 (MT Newswires) -- Zoom Communications (ZM) late Monday reported stronger-than-expected fiscal third-quarter results, driven by an annual gain in enterprise revenue.

The video communication platform's adjusted per-share earnings increased to $1.38 during the three months ended Oct. 31 from $1.29 a year earlier. The consensus on FactSet was for $1.30. Revenue rose 3.6% to $1.18 billion, above Wall Street's $1.16 billion call.

Shares of Zoom Communications, which changed its name from Zoom Video Communications ( ZM ) on Monday, were down 3.4% in after-hours trade.

Enterprise revenue gained 5.8% year-over-year to $698.9 million, while online sales were flat at $478.7 million.

"Zoom Contact Center set a record with an over 20,000-seat deal in (Europe, the Middle East and Africa), and Workvivo secured its largest deal ever with a Fortune 10 company," Chief Executive Eric Yuan said in a statement.

Zoom now expects fiscal 2025 adjusted EPS of $5.41 and $5.43 on revenue between $4.656 billion and $4.661 billion. It previously expected EPS of $5.29 to $5.32 and sales in the $4.63 billion to $4.64 billion range. The consensus among analysts on FactSet is for $5.32 and $4.64 billion, respectively.

Zoom forecasts fourth-quarter adjusted EPS of $1.29 to $1.30 on revenue between $1.175 billion and $1.18 billion. The Street's views are for $1.27 and $1.17 billion, respectively.