Zoom said it made a profit of US$186 million on revenue of US$663.5 million in the quarter that ended on July 31.. — Reuters pic
Zoom shares were up more than 22 per cent in after-market trades that followed release of the earnings, which beat market expectations. “It is the survival of the adaptable, only Stone Age companies are insisting employees to physically come to work,” Global Equities Research analyst Trip Chowdhry said in a note to investors, calling Zoom a “cultural phenomenon.”
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