Illustration by Alex Castro / The Verge
Videoconferencing platform Zoom had a huge second quarter, with $663.5 million in revenue compared to $145.8 million a year ago, the company announced on Monday. It now has around 370,000 customers with more than 10 employees, an increase of 458 percent year over year.
“Our ability to keep people around the world connected, coupled with our strong execution, led to revenue growth of 355% year-over-year in Q2,” Zoom founder and CEO Eric S. Yuan said in a statement announcing the earnings.
The company’s revenue outlook for fiscal 2021 is now $2.39 billion, Yuan added. Zoom has become ubiquitous during the coronavirus pandemic, reflected in its blockbuster first quarter when it grew revenue almost 170 percent year over year to $328...
from TV Aerial Installation Services Warrington https://www.theverge.com/2020/8/31/21408902/zoom-2-quarter-earnings-revenue-profit-pandemic
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