Zoom has announced financial results for the quarter ended July 31, 2020. Total revenue for Q2 2020 was $663.5 million, up 355% year-over-year.
“Organisations are shifting from addressing their immediate business continuity needs to
supporting a future of working anywhere, learning anywhere, and connecting anywhere
on Zoom's video-first platform,” said Zoom founder and CEO, Eric S. Yuan.
“Our
ability to keep people around the world connected, coupled with our strong
execution, led to revenue growth of 355% year-over-year in Q2 and
enabled us to increase our revenue outlook to approximately $2.37 billion to $2.39 billion for FY21,
or 281% to 284% increase year-over-year.”
At the end of the second
quarter of fiscal year 2021, Zoom hadapproximately 370,200 customers with more
than 10 employees, up approximately 458% from the same quarter last fiscal year.