Can Zoom Stay Focused on Happiness While It Grows Like Gangbusters?
Shares of video-conferencing company Zoom Video Communications (NASDAQ: ZM) are up over 10% in the past month as investors cheer robust top-line growth. In the third quarter of fiscal 2020, it reported an 85% jump in revenue year over year, driven by a customer base that grew 67% over the same time frame. To keep up with this kind of demand, Zoom is on a hiring spree. It now employs over 2,400 people -- up nearly 10% quarter over quarter.
While this is superb growth, the situation presents a potential problem for Zoom. As previously noted, this company has an intentional focus on happiness. In conscious capitalism fashion, it seeks to ensure that its employees are happy and that its customers are happy -- which could provide stellar business performance resulting in happy investors. But preserving company culture is challenging amid fast change, and investors should frequently check in with Zoom to see how it's maintaining its focus.
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Source Fool.com
