Zoom CFO Kelly Steckelberg goes one-on-one with Jim Cramer
Zoom CFO Kelly Steckelberg joins 'Mad Money' host Jim Cramer to talk its share repurchasing program, investing in growth, the state of remote work and more.
Chief Financial Officer & Treasurer, Zoom Video
Search every verified Kelly Steckelberg interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kelly Steckelberg, Zoom’s CFO, has discussed the company’s financial performance and strategy in multiple media appearances. In February 2024, she told CNBC’s Jim Cramer that Zoom’s priority is investing for growth, both organically and through potential acquisitions, while also executing a $1.5 billion share repurchase program. She stated that Zoom is expanding its platform with features like workspace reservation to support hybrid work. In November 2023, she said on CNBC’s “Squawk Box” that Zoom was pleased with its Q3 results, noting that Zoom Phone had crossed the 10% of revenue threshold and that the company uses a “federated approach” to AI, working with multiple models including OpenAI, Anthropic, and Meta. She also highlighted that the company saw stabilization in its online business earlier than expected and reported peak gross margins of 80.5%. Steckelberg has also addressed the company’s approach to hybrid work and competition. In a December 2023 interview, she said Zoom’s structured hybrid approach, asking employees near an office to come in two days a week, was going well and that 65% of employees remain remote. She has described Microsoft as a partner, stating that Zoom works with customers to integrate its products with Microsoft’s offerings. At Zoomtopia 2023, she said the company would not charge extra for its AI Companion, aiming to make it available to all paying customers. Steckelberg, a UT McCombs alumna, has said that her goal of becoming a public company CFO was realized with Zoom’s IPO, and she has established an endowed scholarship at the business school.
“We announced revenue a little over $1.14 billion, which was ahead of our guidance. We also have very strong operating margins, and our free cash flow is up over 80% year-over-year at $333 million.”
“First and foremost, our priority is investing for growth. So that means organic through expansion platform, and go to market.”
“We look for inorganic opportunities across the whole step. It might make sense to add something where we are already investing to potentially accelerate that, could be contact center, AI.”
“We have customers that are fully remote still. They have chosen that as a way of working because of the flexibility it provides their customers, and quite frankly, potentially on the savings they are seeing, they have made it work.”
“We also have expanded recently into workspace reservation so you can reserve your desk in the office and we know you are coming in for lunch, for example.”
“We do work with OpenAI — it's an important part of the federated approach we're taking to AI; we also work with Anthropic, Meta and have our own model, and we'll wait and see what happens there from a governance and board perspective.”
“I think it really highlights the need to ensure that you have multiple source vendors for critical functions such as this, and that's exactly the approach that we have taken to ensure that no matter what happens with any one of these partners, we have the ability to provide uninterrupted service to our customers.”
“We're really excited about Zoom AI companion and it is going to permeate really if you think about it all aspects of our platform.”
“Zoom is not charging for this for we want to give this to everyone.”
“A really important part of our growth strategy is Zoom Phone, our Cloud PBX solution, and that product is about four years old now and it's doing really well.”
“We have a large free user base and this is going to be another way to differentiate the paid version of our product and provide compelling reasons for them to upgrade.”
“This is really continuing building out this vision of having Zoom be the platform where you spend your day.”
“So we were really pleased with our Q2 results — we beat on both our top line as well as our profitability numbers and we raised our full year outlook for both revenue and profitability as well.”
“Overall we've seen our customers spending equal or more, and that's evidenced by the growth in our revenue both from an online and an enterprise segment; our net dollar expansion metric is over a hundred percent year over year.”
“We're very pleased with our Q1 results. We beat on both topline and the bottom line and we raised our full FY '24 outlook for both revenue as well as our profit targets.”
Zoom CFO Kelly Steckelberg joins 'Mad Money' host Jim Cramer to talk its share repurchasing program, investing in growth, the state of remote work and more.
Zoom CFO Kelly Steckelberg joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted better than expected third quarter results on top and bottom lines, OpenAI partnership, and more.
On this episode of Futurum Live! From the Show Floor, The Futurum Group’s Craig Durr talks about growth drivers with Kelly Steckelberg, CFO of Zoom. This insightful discussion encapsulates some of the exciting announcements from the mainstage keynote of Zoomtopia 2023. Their discussion covers: Zoom AI Companion: An AI-driven advancement redefining virtual meeting experiences. Zoom Phones: A look at its steady growth trajectory and its pivotal role in Zoom's suite of offerings. Zoom's Contact Center: Despite being in its nascent stage at less than two years, it's demonstrating significant p…
Zoom CFO Kelly Steckelberg joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat on top and bottom lines and raised its full-year guidance, return to work policy, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get…
Zoom CFO Kelly Steckelberg joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat top and bottom ...
Zoom CFO Kelly Steckelberg joins Bloomberg's Alex Barinka and Scarlet Fu to discuss the video communications platform's first ...
Zoom Video Communications $ZM Q4 2023 Earnings Call Listen to the latest conference call between the company and financial analysts or investors as they discuss the company's financial performance. During the call, company executives, including the CEO and CFO, provide an overview of the financial results, discuss the company's performance and strategy, and answer questions from analysts and investors. Earnings calls are typically conducted via teleconference and are open to the public, although they may also be webcast or recorded and made available for later playback. Earnings calls provide…
Zoom Video Communications, Inc. $ZM Q3 2023 Earnings Call.
Zoom CFO Kelly Steckelberg joins CNBC's 'Squawk Box' to break down the company's third-quarter earnings report, which sent ...
Kelly Steckelberg, BBA '91, MPA '91, Chief Financial Officer, Zoom Video Communications, was inducted into the McCombs ...
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