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Zoom beats guidance again as revenues grow nearly five-fold in Q3

2020-12-01 08:56:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications reported revenues of USD 777.1 million for its fiscal third quarter to October, growing nearly five-fold from USD 166.6 million in the year-earlier period thanks to demand from home workers for its videoconferencing platform. After the better-than-expected sales, the company raised its full-year revenue forecast to USD 2.575-2.580 billion from an estimate in late August of USD 2.37-2.39 billion.

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