Zoom’s Revenue Growth is Cooling Down

Videoconferencing software company Zoom announced on Monday (30th) that the second quarter financial report was better than analysts’ expectations, and the full-year financial forecast was revised up. The revenue exceeded the $1 billion mark for the first time, but due to revenue The annual growth rate was significantly lower than that in the first quarter, and the growth momentum slowed down.

Zoom’s second-quarter revenue and profit were better than expected, but revenue for the quarter increased by 54%, and the growth rate slowed significantly from 191% in the first quarter, and forecasted a 31% annual growth in revenue for the third quarter.

Zoom has revised its full-year financial forecast. Revenue was originally estimated at US$3.98-39.9 billion, but now it has been raised to US$4.005 billion to US$4.015 billion. Earnings per share are US$4.75 to US$4.79, which is also higher than the previous forecast of 4.56 to US$4.56. 4.61 USD.

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Zoom's Revenue Growth is Cooling Down - /10

Summary

Videoconferencing software company Zoom announced on Monday (30th) that the second quarter financial report was better than analysts’ expectations, and the full-year financial forecast was revised up.

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