Pivotal Point Tracking Zoom Communications (ZM): Increased revenue forecast to a range of up to $4.66 billion and strong enterprise numbers!
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Zoom Video Communications is the leading platform for modern video communication. On November 25, strong results for the third quarter triggered a Pivotal Point. Revenue rose to $1.178 billion, exceeding analysts' expectations. Particularly important: management raised the full-year revenue forecast to a range of up to $4.66 billion. The number of enterprise customers investing over $100,000 annually grew significantly. This proves that Zoom has successfully transitioned from a crisis winner to a stable partner for global enterprises with high cash...
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