Zoom video chat app has 2,507 paying customers over $ 100,000 each

In the current Covid-19 pandemic where work and distance learning have taken center stage, 2,507 customers are now contributing more than $ 100,000 to the Zoom video chat app on earnings for the past 12 months , up approximately 94% from the same quarter last year.

Zoom now has approximately 512,100 customers with more than 10 employees, up approximately 18% from the same quarter last year.

Announcing its results for the third quarter of its fiscal 2022 on Monday evening, Zoom said its total revenue reached $ 1,050.8 million, up 35% (year-over-year) and that net income was $ 340.3 million, compared to $ 198.4 million in the third quarter (Q3). for fiscal year 2021.

“Through innovation and dedication, we will continue to provide happiness to our customers. Going forward, we expect to end the year between $ 4.079 billion and $ 4.081 billion in total revenue, representing about 54% year-over-year growth, as well as strong profitability and operating cash flow growth, ”said Eric S. Yuan, founder and CEO of Zoom.

Zoom Phone recorded triple-digit revenue growth in the third quarter and reached 30 customers with more than 10,000 paid seats.

“We are fast becoming an indispensable platform for businesses, individuals and developers to connect, collaborate and integrate into the flexible hybrid world of work. We believe our global brand, innovative technologies and large customer base position us well. for the future, ”Yuan added.


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(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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