Zoom Video Communications Inc. gross sales progress slowed final quarter as the additional demand for distant work and the corporate’s videoconferencing software eased, together with a pullback within the Covid-19 pandemic.
The San Jose, Calif.-based firm mentioned its gross sales rose 35% from a 12 months earlier to $1.05 billion for the three months ended Oct. 31. Within the earlier quarter, the corporate’s gross sales rose 54%. A 12 months earlier, its gross sales jumped greater than 360%.
Zoom Shares Skid as Sales Growth Slows Source link Zoom Shares Skid as Sales Growth Slows