Zoom revenue surges 355 per cent in May-July 2020

BENGALURU: Virtual meeting platform Zoom has reported a massive 355 per cent YoY surge in revenues at$ 663.5 million for the quarter ended July 2020.

The company said that it expects its total revenue for FY21 to be in the range of $2.37 billion and $2.39 billion. The number of customers with more than 10 employees was reported to be 370,200, a 458 per cent YoY increase. The Nasdaq listed company’s stock surged 24 per cent hours after it announced the quarterly results.