Zoom revenue quadruples during COVID pandemic
Sales climb 355 per cent
Zoom saw sales more than quadruple in its last quarter as uptake rocketed throughout the COVID-19 pandemic. Revenue shot up 355 per cent year on year to $663.5m for the three months ending 31 July 2020, while net profit stood at $185.7m. On an earnings call, Zoom CEO Eric Yuan said: "As remote work trends have accelerated during the pandemic, organisations have moved beyond addressing immediate business continuity needs to actively redefine and embracing new approaches to support a future of...
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