Briefing

Zoom Sales Jump 355% as Customers Increase Spending

By
Kevin McLaughlin
· · Source: The Information

Zoom continues to benefit from a surge in demand for its videoconferencing and VoIP services during the Covid-19 pandemic, with second-quarter sales increasing 355% to $663.5 million during its July quarter compared to last year. Shares of Zoom jumped 25% in after-hours trading to $407 per share, after rising more than 8% in the regular session, pushing its market capitalization north of $120...

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