Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Zoom Q3 Revenue Soars 367%

TheMotleyFool

0 0

Expectations were high going into the fiscal 2021 third-quarter earnings report for Zoom Video Communications (NASDAQ: ZM). The cloud-based video platform's growth has soared as the result of the coronavirus pandemic. This marked the third consecutive quarter of triple-digit growth.

Zoom reported revenue of $777 million, up 367% year over year, accelerating from the 355% growth in the second quarter and 169% growth in Q1. This easily surpassed analysts' consensus estimates of $694 million and the high-end of management's forecast, which topped out at $690 million.

Image source: Zoom Video Communications.

Source Fool.com

Like: 0

Share