Zoom Communications, Inc.

Hello, everyone, and welcome to Zoom's third quarter fiscal year 2021 earnings release. I'd like to remind everyone that this call is being recorded, and at this time, I'm going to hand the floor over to Tom McCallum, head of investor relations.

Thank you, Matt. Hello, everyone, and welcome to Zoom's earnings video webinar for the third quarter of fiscal 2021. We will start the webinar with a recording from our Zoom's founder and CEO, Eric Yuan. Then Zoom's CFO, Kelly Steckelberg, will join to will join to discuss the quarter and our outlook. We will then have a Q&A session hosted by Kelly that will end at approximately 3.30 p.m. Pacific. Our earnings press release was issued today after the market closed and may be downloaded from the investor relations page on the zoom.com website. Also on this page, you'll be able to find a copy of today's prepared remarks and a slide deck with financial highlights that along with our earnings release include a reconciliation of GAAP to non-GAAP financial results. During this fall, we will make forward-looking statements about our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures, investments, growth rates, our anticipated financial performance, and other future events or trends, including guidance for the fourth quarter of fiscal 2021 and full year 2021, our plans and objectives for future operations and expansion, growth initiatives, strategies, market position, and the continued impact of the COVID-19 pandemic on our business. These statements are only predictions that are based on what we believe today, and actual results may differ materially. These forward-looking statements are subject to the risks and other factors that could affect our performance and financial results, which we discuss in detail in our filings with the SEC, including today's press release and our latest 10Q. Zoom assumes no obligation to update any forward-looking statements that we may make on today's webinar. Now, let's hear from Eric.

Hello. I hope you are all doing well. I'm so sorry that I can't join you all live today, but I had a personal conflict arise. As we are in the season of Thanksgiving in the U.S., I wanted to express my ongoing gratitude for the commitment of our Zoom employees and the support of our customers. partners and investors during these unprecedented times. You all truly inspire and motivate us every day. Now, let me share with you a few recent business highlights. First, revenue grew 367% year-over-year in Q3. Second, with a strong sales execution, our customers with more than 10 employees grew 485% year-over-year. And we are very delighted that just recently, Gardner Research has named Zoom a leader in the 2020 Magic Apportionment for Meeting Solutions, as well as a leader in the Magic Apportionment for Unified Communications as a Service. This is the first year that Zoom has qualified for inclusion in the Gardner Magic Apportionment for UCAS and in the sixth year of Meeting Solutions. We are also very thrilled to welcome Secretary Janet Napolitano to our board of directors. We also had exciting wins in the quarter where customers committed to multiple Zoom products to provide a high-quality experience for their users. First, I would like to welcome Peloton to the Zoom family. Peloton is a leading interactive fitness platform. In Q3, Peloton consolidated to one vendor, buying both Zoom meetings and Zoom rooms to provide a more feature-rich video communication service to their employees. We are very honored to have Peloton committed to a long-term engagement where they will deploy services across all locations and employees. A global customer increasing their commitment with Zoom is Rakuten. Rakuten is a global leader in internet services with 1.4 billion members around the world. Impressed by the simplicity in the Zoom technology, the ease of facilitating the service and the feature-rich application, Rakuten has committed to the full Zoom UCAS deployment. We have grown to 42,000 meeting licenses, more than 1,000 Zoom rooms, and apparently deploying Zoom phones across the globe. We also want to recognize the Israel Ministry of Education, which oversees public education institutions. The Ministry of Education has enabled about 200,000 teachers and 1.2 million students to use Zoom. The leadership at the Ministry has told me that Zoom became the most popular app for video meetings in Israel's schools because of its simplicity, stability, and many opportunities for security and privacy. Thank you for their hard work to provide for children's educational needs during this crisis. And to all educators around the globe, you are all heroes. Thank you, Teleton, Thank you, Rakuten. Thank you, Israel Ministry of Education. I love you all. Also, thank you as well to all other customers. Your power and happiness energize the entire Zoom team. Now, let me talk about my favorite event of the year, Zoomtopia. In October, we had over 155,000 unique viewers attend ZoomTopia, our premier customer and community event. This year's event was held virtually on Zoom technology. We also had over 140 customer speakers ranging from Fortune 50 companies to small businesses and across all verticals, sharing stories of how they have integrated Zoom into all aspects of their communication and collaboration. We showcased several customers who are not just conducting their business over Zoom. They are reimagining and delivering new business services over Zoom as well, including the new on Zoom platform. I'm very proud of the Zoom team that delivered this successful event to our user community and the size and the scope that is truly incredible for virtual events. We were also able to demonstrate to the world that you can do this too with Zoom. In summary, Zoom performed well for our customers and the communities during the third quarter. I want to thank our over 3,800 employees who continue to scale our business and truly deliver happiness. Let me hand things over to Kelly. But first, here is a look at what our new On Zoom platform has to offer. Thank you.