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Zoom beats quarterly revenue estimates

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

November 22, 2021

(Reuters) – Zoom Video Communications beat estimates for third-quarter revenue on Monday benefiting from the launch of its new offerings as the video-conferencing platform tries to retain users who have started returning to offices and schools.

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The company’s revenue rose 35% to $1.05 billion in the third quarter ended Oct. 31, compared with analysts’ estimates of $1.02 billion, according to Refinitiv data.

(Reporting by Akash Sriram and Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)

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