No ‘fatigue’ for Zoom when it comes to revenue and users

Zoom, one of the most-popular apps and video chat platforms of 2020, has posted some impressive numbers as it announced financial results for the fourth quarter ended January 31, 2021.
The total revenue for the quarter was $882.5 million, up by a staggering 369% year-over-year. In the corresponding quarter last year, Zoom’s revenue stood at $188 million. A year of a devastating pandemic meant that people were working remotely, classes were being held online and the dependence on video calls/group meetings rose. Zoom clearly capitalised on it and has posted impressive numbers throughout the year.
At the end of the fourth quarter of fiscal year 2021, Zoom had approximately 467,100 customers with more than 10 employees, up approximately 470% from the same quarter last fiscal year.