![]() 31) with around 467K customers that had more than 10 employees, up 470%. Yet the end of consumer-level Zooming doesn’t really matter since Zoom makes money from its paying business clients that have proliferated during the past 15 months.įor instance, Zoom closed its fiscal 2021 (period ended on Jan. The family Zoom calls might be gone for good for many and schools appear ready to restart in person this fall, amid the largely successful vaccine rollout in the U.S. And Wall Street seems to agree Zoom has legs beyond the pandemic, with the stock up around 35% since May 10. But the cloud-based video communication platform has diversified its offerings and is poised to thrive in the hybrid work environment. The standout growth stock then began to tumble in late October as investors dumped Zoom in anticipation of the economic reopening. The unprecedented circumstances helped ZM’s revenue soar 326% last year. ( ZM Quick Quote ZM - Free Report) into the lives of everyday users, businesses, and Wall Street. ![]() ![]() The remote work world brought on overnight by the pandemic thrust Zoom Video Communications, Inc.
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