Zoom shares up more than 40 percent following stellar quarterly report - techbrinks

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Tuesday, 1 September 2020

Zoom shares up more than 40 percent following stellar quarterly report


Zoom said it had $1.5 billion in cash, cash equivalents and marketable securities as of July 31. Unsurprisingly, acquiring new customers was the company’s biggest growth driver. Over 370,000 customers were businesses with more than 10 employees, a healthy 458 percent increase from the same quarter a year earlier. What’s...

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