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Zoom beats quarterly revenue estimates on remote work boost

By Reuters | August 31st 2020 at 23:28:37 GMT +0300

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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