File: Zoom said it made a profit of $27-million on revenue that leapt 169 percent to slightly more than $328-million in the fiscal quarter that ended April 30.SAN FRANCISCO - Zoom reported that its earnings soared as its video-meeting service became a popular way to work or socialise while hunkered down due to the coronavirus pandemic.
In the same quarter a year earlier, Zoom reported zero dollars per share in net income for stockholders. Zoom told analysts that about half the growth in paid use was customers paying month-to-month, and those types of subscribers are more likely to leave than those who commit to annual memberships.
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