Video communications leader Zoom targets $3.9 bn revenue

Video communications platform Zoom reported revenue of $956.2 million (+191 percent) in its first quarter of fiscal year 2022, as remote work and learning continue in the pandemic times.
Zoom video conferencing appZoom has raised its total revenue guidance range to $3.975 billion to $3.990 billion for the full fiscal year.

For the full fiscal year 2021, Zoom’s total revenue was $2,651.4 million, up 326 per cent year-over-year.

Zoom founder and CEO Eric S. Yuan said: “We are energised to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections.”

The company has approximately 497,000 customers with more than 10 employees, up approximately 87 percent from the same quarter last fiscal year.

Zoom has 1,999 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 160 percent from the same quarter last fiscal year.