Zoom cashes in on remote work trend – LinkedIn

Written by Andrew Murfett

As stay at home orders related to the coronavirus pandemic persist, the nascent virtual-meeting platform Zoom is having a moment, registering soaring demand for the quarter. Revenue jumped by 170% to $328.2 million for the quarter ending April 30 as the company comfortably translated its newly found ubiquity into paying corporate customers. Zoom shrugged off questions about its daily user numbers but confirmed it has 265,400 customers with 10-plus employees.

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By Jessica Yap-Chung
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