Increase of 54% on previous year
Zoom has reported quarterly revenues of more than $1 billion dollars for the first time.
That's an increase of 54% on the previous year.
The company's shares have fallen, after noting demand is cooling for its video-conferencing services.
The firm grew rapidly during the pandemic, as more people use webcams to communicate for work, study and socialising.
We announced our FY22 Q2 earnings today. Tune in to the investor call. https://t.co/9qlpruNTCi
— Zoom (@Zoom) August 30, 2021
