Zoom skyrockets 38% after reporting blockbuster earnings (ZM) | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Zoom skyrockets 38% after reporting blockbuster earnings

The company, which has become a preferred means of communication amid the coronavirus pandemic, also boosted its full-year guidance.Revenue:that revenue was up 355% from the same quarter a year ago, fueled by adding new users and expanding across existing customers. At the end of the second quarter, Zoom had 370,200 customers with more than 10 employees, a 458% jump on the year.

Zoom also had 988 customers that contributed more than $100,000 in trailing 12-month revenue, up 112% from last year, according to a statement. Following the blockbuster quarter, Zoom boosted its guidance. The company now expects third-quarter revenue to be between $685 million and $690 million. For the full year, Zoom expects revenue to be between $2.37 billion and $2.39 billion, the company said. The updated revenue outlook"takes into consideration the demand for remote work solutions for businesses," Zoom said in a statement."It also assumed increased churn in the second half of the fiscal year when compared to historic churn levels due to a higher percentage of customers who purchased monthly subscriptions in the first quarter.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

So ok make it crash proof

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves after hours: Zoom Video, Eastman Kodak, Tesla & moreSee which stocks are posting big moves after the bell. Follow Breaking_Birdie for everything golf.
La source: CNBC - 🏆 12. / 72 Lire la suite »