The return to offices across the world has proven to be less of an issue for Zoom than previously expected, the company has revealed.
The video conferencing service has issued its most recent quarterly financial results, revealing it is still expanding its customer base as hybrid working becomes more popular for businesses around the world.
In its Q3 2021 results, Zoom recorded $1.0 billion in revenues, up 35% year-on-year, with a third quarter GAAP operating margin of 27.7%.
Zoom says it has seen particular success in drawing in larger customers, with a total of 2,507 customers now contributing more than $100,000 each in trailing twelve months revenue, an increase of around 94% from the same quarter in its 2020 financial year.
These customers represented nearly a quarter (22%) of all Zoom’s revenue in its Q3 2021, up from 18% the previous year, with the company also boasting 512,100 customers with more than 10 employees, up from around 504,900 in its last quarter.
“Through innovation and dedication, we will continue to deliver happiness to our customers,” Zoom founder and CEO Eric Yuan said.
“We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers …read more
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