ZOOM NEARLY TRIPLES ITS REVENUE TO $956.2M

Zoom is still profiting massively from the pandemic-induced shift to working life, almost tripling its revenue in the last quarter, Deutsche Presse-Agentur (dpa) reported.

The video conferencing service saw revenue jump by 191 percent to $956.2 million in the first fiscal quarter of the year, which ended in late April. Profits jumped to $227.4 million from $27 million a year earlier, Zoom reported after the US stock market closed on Tuesday.

The figures easily exceeded analysts' expectations. Zoom is also preparing for many workers to return to offices.

Chief executive Eric Yuan's plans include positioning Zoom for use in businesses as a phone service as well as a video conference platform.

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