Zoom, which provides video-conferencing software that can be used across devices, filed its IPO prospectus on Friday, joining a crop of Bay Area start-ups preparing to hit the public markets.In the fiscal year that ended Jan. 31, Zoom had a net income of $7.6 million on $330.5 million in revenue, according to a regulatory filing. Revenue was up 118 percent from the prior year.
Zoom has gained popularity by creating an easy-to-use service that works smoothly on mobile devices and is affordable for small groups and teams, which has created a wide and diversified customer base. The company said that its top 10 customers account for less than 10 percent of revenue. Its thousands of clients include Conde Nast, Uber and Williams-Sonoma.
Zoom relies on its own data center infrastructure and also uses the Amazon Web Services and Microsoft Azure public clouds.