Zoom Video ups FY guidance after higher-than-expected Q2

Friday 6 September 2019 | 09:36 CET | News
Enterprise videoconferencing specialist Zoom Video Communications raised its full year forecast after reporting another strong quarter driven by new customers and expansion across existing ones. Revenues for its second quarter to end July jumped 96 percent from the year before to USD 145.8 million, widely passing expectations. The net profit soared to USD 5.5 million or USD 0.02 per share, from 0.5 million and 0.0 per share. The operating profit slipped to USD 2.3 million from 3.4 million though the adjusted operating profit went higher to USD 20.7 million from 4.5 million. Adjusted net

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Categories: Fixed
Countries: World
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