Good luck Mark/SFOR It looks like businesses are
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It looks like businesses are very happy with Zoom
Zoom (ZM) reported its fiscal Q1 2022 earnings after the closing bell on Tuesday, beating analysts' expectations on the top and bottom line with revenue soaring 191% year-over-year.
The video conferencing company saw stratospheric growth during the pandemic, and investors are closely watching its performance in the coming quarters as the pandemic wanes and people begin meeting more in person.
Here are the most important numbers from the report compared with what analysts were expecting as compiled by Bloomberg.
Revenue: $956 million versus $910.2 million expected
Earnings per share: $1.32 versus $0.99 expected