Zoom raises full-year profit view on strong enterprise demand

Published by
Reuters UK

(Reuters) -Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading. Revenue from Zoom’s high-paying enterprise customers jumped 31% in the first quarter, representing 52% of its total revenue, the company said. “We expect revenue from enterprise customers to become an increasingly higher percentage of total revenue over time,” Chief Financial Officer Kelly Steckelberg said in a post-earnings call with analysts. The company said adj…

Read More