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Zoom raises FY outlook after revenues, profit soar in Q2

2020-09-01 09:31:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications raised its forecast for the full year after reporting much higher than expected second quarter results, with revenues leaping 355 percent from the year before to USD 663.5 million, the operating profit increasing to USD 188.1 million from 2.3 million and the adjusted operating profit going higher to USD 277 million form 20.7 million. The net profit jumped to USD 185.7 million or USD 0.63 per share, from 5.5 million and 0.02 per share, with the adjusted net profit leaping to USD 274.8 million or USD 0.82 per share, from 24 million and 0.08 per share.

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