(Bloomberg) — Zoom Video Communications Inc. reported quarterly sales that topped estimates, showing that a surge in demand for its video-conference service during the coronavirus pandemic has translated into more paying customers. The company also raised its annual revenue forecast by almost double.Revenue increased about 170% to $328.2 million in the period that ended April 30, the San Jose, California-based company said Tuesday in a statement. Analysts, on average, expected $203 million, according to data compiled by Bloomberg. Profit, excluding some items, was 20 cents a share, compared with analysts’ average projection of 9 cents.Zoom projected revenue of as much …read more
Source:: Yahoo Finance
