Zoom Video Communications, Inc. (ZM) has announced impressive quarterly revenue figures, exceeding predictions thanks to robust sales in the enterprise sector. The result demonstrates the company’s ability to thrive in the competitive business collaboration software market.
An encouraging 3.2% rise in fiscal third-quarter sales has propelled the figures to approximately $1.14 billion, surpassing the predicted $1.12 billion. Similarly, Zoom’s EPS was reported at $1.29, significantly higher than the consensus estimate of $1.08. Enterprise revenue has risen by 7.5% to a hefty $660.60 million for the quarter.
