Zoom revenue up 369%, set for strong growth
Riding on work-from-home scenario in the pandemic, video collaboration and chat platform Zoom has reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million.
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San Francisco: Riding on work-from-home scenario in the pandemic, video collaboration and chat platform Zoom has reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million. Net Income for the fourth quarter was $260.4 million, or $0.87 per share, the company announced on Monday.
It now has nearly 467,100 customers with more than 10 employees, up approximately 470 per cent from the same quarter last fiscal year and 1,644 customers are contributing more than $100,000 in trailing 12 months (TTM) revenue, up approximately 156 per cent from the same quarter last fiscal year.
"We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment. Our ability to rapidly respond and execute drove strong financial results throughout the year," said Eric S Yuan, Founder and CEO of Zoom.
