"Pandemic Darling" Zoom Reports Slowest Quarterly Revenue Growth
NDTV
Zoom Revenue: Revenue from Zoom's high-paying enterprise customers jumped 31% in the first quarter, representing 52% of its total revenue, the company said.
Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading.
Revenue from Zoom's high-paying enterprise customers jumped 31% in the first quarter, representing 52% of its total revenue, the company said.
"We expect revenue from enterprise customers to become an increasingly higher percentage of total revenue over time," Chief Financial Officer Kelly Steckelberg said in a post-earnings call with analysts.
The company said adjusted operating margin rose 37.2% in the quarter ended April 30 as efforts to expand its enterprise offerings to customer service contact centers, cloud calling and analytics companies paid off.
