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Video chat app Zoom has 2,507 customers paying over $100K each

In the ongoing Covid-19 pandemic where remote work and learning took centre-stage, 2,507 customers are now contributing more than $100,000 to video chat app Zoom in trailing 12 months revenue

Topics
Zoom | Coronavirus | Lockdown

IANS  |  New Delhi 

zoom, video conference, tech, app

In the ongoing Covid-19 pandemic where remote work and learning took centre-stage, 2,507 customers are now contributing more than $100,000 to video chat app in trailing 12 months revenue, up approximately 94 per cent from the same quarter last fiscal year.

now has approximately 512,100 customers with more than 10 employees, up approximately 18 per cent from the same quarter last fiscal year.

Announcing its third quarter results for its fiscal year 2022 late on Monday, said it total revenue reached $1,050.8 million, up 35 per cent (year over year) and net income was $340.3 million, up from $198.4 million in the third quarter (Q3) of fiscal year 2021.

"Through innovation and dedication, we will continue to deliver happiness to our customers. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54 per cent year-over-year growth, alongside strong profitability and operating cash flow growth," said Zoom Founder and CEO, Eric S. Yuan.

Zoom Phone had revenue growth in the triple-digits in Q3 and reached 30 customers with over 10k paid seats.

"We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. We believe our global brand, innovative technologies, and large customer base position us well for the future," Yuan added.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, November 23 2021. 11:49 IST
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