Video conferencing software company Zoom’s share price jumped 9 per cent on Tuesday as the technology company to gain more than anyone from COVID lockdowns, beat 11 out of 12 analyst’s revenue expectations for the quarter.
The NASDAQ-listed company’s total revenue for the fourth fiscal quarter was $US882.5 million ($1.1 billion), up 369 per cent compared to the previous corresponding period.
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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter.
