Zoom revenues leap over 100% to USD 122 mln in strong Q1

Friday 7 June 2019 | 14:31 CET | News
Enterprise videoconferencing specialist Zoom Video Communications, which raised USD 751 million from its initial public offering , saw revenues and profit rise in the first quarter, driven by the expanding adoption of Zoom's video-first unified communications platform. Revenues for the quarter leaped 103 percent from the year before to USD 122 million while the net result increased to a profit of USD 0.02 million or USD 0.00 per share, from a net loss of 1.3 million and 0.02 per share. The operating profit lifted to USD 1.6 million from a loss of 1.7 million while the adjusted net profit went

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Categories: Fixed
Companies: Zoom Video Communications
Countries: World
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