Video conferencing company Zoom reported a 367% increase in quarterly revenue yesterday, marking the second consecutive quarter with over 350% year-over-year growth. The growth comes amid surging demand for video conferencing and collaboration tools driven by the ongoing coronavirus outbreak.
Extra: While the earnings largely outpaced analyst expectations, Zoom shares opened down 10% today after the company forecasted slightly decelerating growth for Q4. Zoom’s stock price is up over 500% so far this year.
