Zoom Q3 Revenue Soars 367%
Expectations were high going into the fiscal 2021 third-quarter earnings report for Zoom Video Communications (NASDAQ: ZM). The cloud-based video platform's growth has soared as the result of the coronavirus pandemic. This marked the third consecutive quarter of triple-digit growth.
Zoom reported revenue of $777 million, up 367% year over year, accelerating from the 355% growth in the second quarter and 169% growth in Q1. This easily surpassed analysts' consensus estimates of $694 million and the high-end of management's forecast, which topped out at $690 million.
Image source: Zoom Video Communications.
Source Fool.com
