Skip to content
Subscriber Only

Zoom Tops Sales, Profit Estimates on Large Customer Additions

  • CEO Yuan has pushed to diversify with premium products
  • Revenue almost triples in quarter on rise in corporate clients

Zoom Video Communications Inc. gave a sales forecast for the current quarter that topped analysts’ estimates, signaling the company’s ability to retain and add large customers even as intense demand created by the pandemic eases.

Revenue in the period ending in July will be as much as $990 million, the San Jose, California-based company said Tuesday in a statement. Analysts, on average, projected $942 million, according to data compiled by Bloomberg. Profit, excluding certain items, will be $1.14 to $1.15 a share. Analysts estimated 94 cents.