Zoom Video Communications Inc. stated that its growth would continue at a rapid pace amid the vaccine rollout, after pandemic lockdowns turned the company into a household name and an investor darling. The videoconferencing company said Monday that returns this year would climb even more than 41% after more than quadrupling to $2.65 billion in the fiscal year ended in January. The soldi growth during last year repeatedly outpaced Zoom’s own projections, and the latest result beat a prediction issued in November. Zoom’s share price, which more than tripled over the past 12 months, was ahead almost 10% in after-hours trading on Monday after gaining a similar margin to end at $409.66 during the day’s regular session. The company, which initiated trading in the public markets in 2019, has been one of the largest corporate beneficiaries from the shift to remote work and distance schooling, pitting it against larger rivals such as Microsoft Corp.
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