Zoom Earnings Pop On Remote Work Boost

>>Follow Matzav On Whatsapp!<<

Zoom Video Communications Inc raised its annual revenue forecast by 30% after comfortably beating quarterly estimates on Monday, as it converts more of its huge free user base to paid subscriptions.

Shares of the company, which have surged almost four-fold this year, rose 5% after the bell. They hit a record high in regular trading.

Video-conferencing platforms, once used mostly as a technological substitute for in-person meetings, became a vital part of day-to-day life this year for people stuck at home under coronavirus restrictions, be it for work, school or socializing.

Read more at Fox Business.



Please enter your comment!
Please enter your name here