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Zoom boom carries over into 2021
Breakout video conferencing firm’s current fiscal quarter revenues almost treble those posted at the end of April 2020
Share this item with your network: By Published: 03 Jun 2021 10:00
Proving comprehensively that its success looks to be more enduring and not under threat at all as some employees head back to the office, Zoom Video Communications has kicked off its current fiscal year with a very strong first quarter.
For the company’s first quarter in its 2022 financial year ending 30 April 2021, Zoom posted total revenue of $956.2m, up 191% year on year. Showing clearly just how vastly more profitable the company has grown to be over the last year, GAAP income from operations for the first quarter of FY22 was $226.3m, up from $23.4m in the first quarter of the previous o fiscal year 2021.