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enterprise cloud

Zoom Shares Dip 12% on Slowing Sales Growth

By
Kevin McLaughlin
· · Source: The Information

Is Zoom’s run of eye-popping revenue growth over? That’s a question Zoom investors are likely pondering after the cloud-based collaboration software company reported a steep drop in annualized sales growth for its second quarter and a weaker-than-expected forecast for its current quarter. Zoom’s sales grew 54% to just over $1 billion in the three months to July 31 compared to last year, its...

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