For the video conferencing service Zoom, the time of explosive growth in the Corona crisis is over. For the current quarter, Zoom is still expecting a year-on-year increase in sales of around twelve percent to around $1.07 billion. A year earlier, revenue had almost tripled because companies switched to video conferencing during the pandemic. In the fourth business quarter, which ended in January, sales increased by 21 percent to $1.07 billion. Quarterly profit rose to $490.5 million from $260.4 million a year earlier. However, a tax credit of $352 million also contributed to this. Zoom recently had 191,000 corporate customers, 35 percent more than a year ago. Of these, 2,725 customers bring in revenues of more than 100,000 euros each. Investors temporarily dropped Zoom shares by four percent in after-hours trading.
Video conferencing – zoom disappoints investors – economy
