Zoom shares rise on strong current-quarter forecast

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At the beginning of the COVID-19 pandemic, Zoom was a relative upstart that has gone public on a promise to make video conferencing software more user-friendly.

Businesses all over the world took to the company’s services during the outbreak and ever since then, Zoom has seen a meteoric rise over the last year, with investors keen on knowing if the firm can maintain this level of growth.

Zoom forecast current-quarter revenue between $900 million and $905 million, compared with estimates of $829.2 million, according to IBES Refinitiv data.

The company has seen its user numbers surge in the past year, while its shares more than quadrupled during the same period. The platform said it has 1,644 customers contributing more than $100,000 in trailing 12 months revenue, more than double from a year earlier.


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