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 existing customers...