Zoom's Post-COVID Growth Strategy Is Coming Into Focus
The big knock against Zoom Video Communications' (NASDAQ: ZM) stock in recent months is that the video communications giant has likely plateaued since its business became a global sensation during earlier phases of the pandemic. Sure, annual sales are now well above $4 billion compared to $600 million in 2019. Yet investors are more concerned about how Zoom can keep growing as social distancing restrictions end.
That path forward is looking clearer today. The company recently reported a solid sales increase thanks to a growing customer base and increased contract sizes for its existing clients.
These factors suggest that Zoom is becoming a more valuable, sticky platform for its users.
Source Fool.com
