Zoom struggling to meet sales expectations following Covid-19 surge

Hanno Labuschagne

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Zoom struggling to meet sales expectations following Covid-19 surge

Zoom Video Communications Inc. projected sales for the current quarter that fell short of Wall Street’s estimates, ramping up pressure on the software vendor to show it can continue to grow beyond the pandemic boom.

Shares were little changed in extended trading, after earlier dropping as much as 15%.

Sales will be about $1.07 billion in the period ending in April, the San Jose, California-based company said Monday in a statement.

[Bloomberg]
 
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