Zoom beats quarterly revenue estimates


(Reuters) – Zoom Video Communications Inc reported better-than-expected quarterly revenue on Tuesday, benefiting from steady demand for its video-conferencing platform as people wary of the pandemic continued school and work from home.

Revenue in the first quarter ended April 30 rose to $956.2 million from $328.2 million year earlier, beating analysts’ average estimate of $906 million, according to IBES Refinitiv data.

(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)

Source link