Zoom revenues skyrocket as profits double
Image copyright Zoom
Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis.
Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectations of $500.5m.
Profits soared to $186m, while customer growth rose 458%, compared with the same period in 2019.
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