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Zoom profits jump in Q1 after strong customer growth from home working

2020-06-03 08:40:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications saw its revenue nearly triple in its fiscal first quarter to April, to USD 328 million from USD 122 million a year earlier, as more people adopted the videoconferencing platform while at home during the Covid-19 pandemic. The company's operating profit jumped to USD 23.4 million from USD 1.6 million a year ago, and adjusted net profit earnings rose to 20 cents a share from USD 0.03, double the company's forecast. 

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