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zm earnings call

Second is Zoom for Home, our new innovative category of software experience and hardware device partnerships to support remote work use cases. They want to consolidate into one system. Looking ahead, we expect operating margins to decrease from the peak in Q2 over the balance of this year as our hiring and spending catch up was a much greater scale of our business. Our combined APAC and EMEA revenue accelerated to 629% year-over-year and represented approximately 31% of revenue.

This indicates a shift in our renewal seasonality, which was historically weighted towards Q2 and Q4 and has now shifted to Q1 due to the strength of last quarter's performance.As a reminder, we do not focus on calculated billings as a metric for our business.

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So, I would say this pandemic crisis completely accelerated every enterprise, every business customer's digital transformation, because you want to support employees no matter where they are, right, where the traditional on-prem system really is not applicable anymore, right?

I wonder if you can give us an update on sort of what you saw from the, call it, the Q1 cohort during Q2 in terms of your ability to convert those, and how should we think about any sort of the promotions, sort of initiatives changing going forward?

So that's our story when we talk with customers. For the full fiscal year ending in January, Zoom officially raised its forecast by 33% to around $2.4 billion. So, our marketing team is really focused on this, running campaigns and reaching out to these customers to provide them the opportunity to convert from monthly to annual, and we were happy with the success that we saw in Q2 and are continuing to focus on this, and we've also made some changes to our online buy flow to make it easier for the customers as well to self-serve and upgrade if they're so inclined. I know you talked a bit about India, and how do we think that progressing from here? We might be facing all kinds of challenges, but no matter how busy we are, no matter what challenges we are facing, we are always recharged when we think about our customers' support and become even more motivated to serve them better.With the pandemic persisting, we are very committed to work hard and are humbled by our role of enabling communications worldwide during this challenging time. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. So I think you should assume we're getting more in that range, nearer to that than the 41.7%.Alex, by the way, if your kid's school district had any questions or any feedback to Zoom, please let them know you know Zoom's CEO and can be there.Our next question is from Ryan MacWilliams with Stephens.Thanks, guys for the question.

Was that also an upsell to an existing video customer, or was that a new customer who signed up with Zoom Phone?No, it was already a meetings customer as well, a video customer as well.Our next question is from Sterling Auty with JPMorgan.Yes, thanks.
The last update we gave was actually at the anniversary date of Zoom Phone, so we might wait until then.Our next question is from Matthew VanVliet with BTIG.Hey, guys. With regards to the sales and marketing investment, it came in a little light there, and obviously, have a really strong customer pull for the product. We actually signed our largest Zoom Phone deal to date in Q2. We truly believe video is the new voice.

Will we have noticed that?

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