Zoom Shares Skid as Sales Growth Slows



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

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