Slow growth isn't always the worst news. Motley Full Money starts now.

Welcome to Motley Full Money. I'm Deedra Willard here with Motley Full Analysts,

Aset Charma. Aset, how you doing today?

Great, Dydra. How are you doing?

Doing well, getting prepared for a little bit of a break but we've got a lot of

earnings before we do that big one coming tonight with invidia but let's talk about

Zoom that reported yesterday afternoon. This one, you know, the pandemic

darling, right? And we aren't seeing huge growth here, but they're making

steady improvement in a bunch of different areas, they're growing enterprise, what makes you

feel positive about Zoom even though this isn't the growth story we had during the

pandemic?

They try I think what makes me feel positive, let's put this on the plus side of the ledger is the company is doing what it said it would do.

Eric Yon, the CEO, and Zoom's management team have been insistent over the past several quarters that they need to improve with enterprise customers and just let the sort of retail customer segment of their business do what what it's gonna do. They're experiencing churn there, although that's decreased some.

And they've made progress there. I think that this enterprise growth, we saw, we saw 5% in year-year growth in accounts that's

decent but pay a little more attention to that 100,000 plus in annual contract value segment that was one hundred thousand plus in annual contract value segment that was up about

14% this quarter and this cohort contributed like 29% of total revenue. Now if you follow software service models and cloud

companies you know that successful businesses are often growing their

hundred thousand plus customers at much faster rates like say 20%

plus year over year but for growth challenged Zoom it's still a positive.

Well and I think that that it wasn't what Zoom maybe started out

to be because the thing that boosted it during the pandemic

was, of course, those retail customers.

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