Zoom Video Communications: Rises on strong current-quarter forecast, profit beat

Zwahlen Et Mayr SA

02/03/2021 12:27

** Shares of video-conferencing platform  ZM.O  up 7.8% at
$441.5 in premarket trading after it reported results after
market on Monday
    ** Co extending gains from previous session
    ** Co forecast current-qtr revenue between $900 mln and $905
mln, above estimates of $829.2 mln  urn:newsml:reuters.com:*:nL3N2KZ4GH
    ** ZM posted an adj. profit of $1.22/shr, beating estimates
of 79 cents/shr, according to IBES data from Refinitiv
    ** ZM, which continued to benefit from remote work and
online learning due to the COVID-19 pandemic, said it had around
467,100 customers with more than 10 employees, up around
six-times from last year (https://bit.ly/381V2g1)
    ** ZM up 21.45% YTD till last close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))