Zoom posted its first billion-dollar quarter in the company’s history, but warned of a faster than anticipated return to the office driving down demand.
The company forecast its third-quarter revenue of
between $1.015bn and $1.020bn, but suffered a sharp
share price drop of 11% after the announcement
of a faster return to the office.
The
news follows from the announcement Zoom’s announcement
of its biggest buyout in the company’s history
, acquiring call centre provider Five9 in an
all-stock deal valued at approximately $14.7bn (€12.4bn), becoming
a unit of Zoom once the transaction closes in 2022.