Zoom has posted its first quarter results, posting a total revenue of $1.1bn, up 3% year over year.
Zoom raised its annual revenue forecast to between $4.47bn
and $4.49bn, representing growth of just about 2% from last
year. Its earlier forecast was for $4.44bn to $4.46bn.
CEO
Eric Yuan said the Q1 results reflect that online revenue
is stabilising and that business efficiency has improved, allowing space for
growth.
Enterprise business was one of the highlights as revenue
rose 13% year-on-year. Zoom’s enterprise userbase stands at 215,900 customers
which is a 9% increase from last year’s comparable quarter.
In comparison, Zoom's main rival, Microsoft Teams has 300 million users.