Zoom logs first $1bn revenue quarter

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...