News Formal

Zoom shares soar as earnings rocket | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

SAN FRANCISCO, Sept 1 — Zoom shares soared on Monday after the video-meeting service reported that quarterly revenue rocketed as its ranks of users more than quadrupled. The Silicon Valley-based company that has become a popular way to work, learn or socialise during the pandemic said it made a...

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks hit two-year top, Nikkei bounces as Berkshire buys in | Malay MailSYDNEY, Aug 31 — Asian shares notched a fresh two-year high today as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period, keeping the safe-haven dollar on the defensive. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2...
Source: malaymail - 🏆 1. / 86 Read more »