Zoom beats quarterly revenue estimates on remote work boost
Sci & Tech
By
Reuters
| Aug 31, 2020
Zoom Video Communications Inc beat second-quarter revenue estimates on Monday as it benefited from efforts to convert more of the huge work-from-home user base it has gained in the coronavirus crisis into paying customers.
Total revenue for the three months ended July 31 jumped 355 per cent to $663.5 million, beating estimates of $500.5 million, according to IBES Refinitiv data.
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