Zoom’s revenue forecast tops estimates amid 2021 concerns

Zoom Video Communications Inc. gave a revenue forecast for the current quarter that topped analysts’ estimates but suggested a slight decline in its explosive growth, touching off concerns among investors that the software maker’s pandemic boom may be coming to an end. Shares declined about 5% in extended trading.

Revenue will be as much as $811 million in the period that ends in January, the San Jose, California-based company said Monday in a statement. Analysts, on average, projected $719 million. The company’s sales guidance, at the high end, estimates a 330% increase from a year earlier — a slight decline in the year-over-year growth from the previous two quarters.