1 Key Comment You Missed From Zoom's Earnings
Beyond impressive fiscal first-quarter results, Zoom Video Communications (NASDAQ: ZM) should sustain strong growth by expanding its core video capabilities to accommodate communications in hybrid work environments. But besides those encouraging developments, an important comment from CEO Eric Yuan during the earnings call surprisingly remained unnoticed.
With no doubt, the coronavirus-induced lockdowns boosted Zoom's business over the last several quarters, as the world turned to online tools to work and communicate from home. And that remained true during the fiscal first quarter, which ended on April 30. Revenue increased 191% year over year to $956 million, thanks to the widespread demand for the company's products across all geographies and industries.
Image source: Getty Images.
Source Fool.com
