The company posted earnings.
TheStreet's Martin Baccardax noted that Zoom said non-GAAP for the three months ending in April were pegged at $1.32 per share, a five-fold increase from the same period last year as revenues surged 191% to $956.2 million as its customer base of companies with more than 10 employers rose 87% to just under 500,000.
"As parts of the world reopen, a few things are clear. First, many customers I talk to are looking to create hybrid solutions, and they seek to cautiously reopen some offices; and second, each industry, company, and individual varies in their optimal working model," founder and CEO Eric Yuan told investors on a conference call late Tuesday.
Jeff Marks, senior portfolio analyst at Action Alerts PLUS, discusses Zoom.
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