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  • Post published:03/06/2021
  • Post last modified:03/06/2021

I assume it’s no surprise that Zoom is still riding its pandemic high, but the firm reported that revenues grew 191 percent in the first quarter, to nearly $1 billion.

“We kicked off the fiscal year with a very strong first quarter,” Zoom founder and CEO Eric S. Yuan said. “Our steadfast commitment to empowering customers to work and learn from anywhere with our expansive, innovative, and frictionless video communications platform continued to drive our results … Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life. We are energized to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections.”

For the quarter ending April 30, 2021, Zoom posted a net income of $227.4 million on revenues of $956.2 million.

And it has some other amazing numbers as well: Zoom has over 497,000 customers with more than 10 employees, up 87 percent YOY. And the number of customers that contributed over $100,000 in revenues in the previous 12 months was up 160 percent YOY.

Tagged with Zoom

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