#Zoom stock price software

Shares of the company, which have surged almost four-fold this year, rose 9% after the bell and hit a record high in regular trading. Zoom has seen an increase in paying customers this quarter, according to the report, with approximately 370,200 customers of businesses with more than 10 employees, up approximately 458% from the same quarter last fiscal year.

#Zoom stock price software

In remarks on an earnings call following the report, chief executive officer and founder Eric Yuan said Zoom has taken on a number of large businesses as customers, including oil and gas firm ExxonMobil and software firm ServiceNow in quarter two.

Revenue rose 355% from the same time last year to $663.5m, above analystsвЂ™ average estimate of $500.5m. The company reported adjusted earnings of $0.92 per share, above the $0.45 per share predicted. It made as much money in the past three months as it did in the entirety of 2019, beating the already-optimistic predictions of analysts. The video conferencing platform has seen explosive growth in 2020, fueled by the increase of remote work during the Covid-19 pandemic. Zoom shares hit a record high on Monday as the company announced blowout earnings for the second quarter of 2020.