Zoom logs first $1bn revenue quarter

Josh Budd
clock • 2 min read
Image source: Zoom
Image:

Image source: Zoom

Sales to SMBs and individuals using online products are expected to continue falling as pandemic restrictions ease

Zoom has achieved its first $1bn-revenue quarter, but has warned that some parts of its business will begin to slow down as pandemic-related restrictions on travel are lifted. For its quarter ending 31 July 2021, revenues grew by 54 per cent year on year - hitting $1bn for the first time in a single quarter. The revenue growth was driven by new customer acquisition, Zoom claims. New customers accounted for around 74 per cent of Zoom's incremental revenue during the quarter, while existi...

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