{"id":8627,"date":"2021-06-04T17:15:10","date_gmt":"2021-06-04T14:15:10","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=8627"},"modified":"2023-06-22T17:59:30","modified_gmt":"2023-06-22T14:59:30","slug":"zoom-shares-falling-regardless-of-strong-quarterly-report","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/06\/04\/zoom-shares-falling-regardless-of-strong-quarterly-report\/","title":{"rendered":"Zoom Shares Falling Regardless of Strong Quarterly Report"},"content":{"rendered":"\n

This article is devoted to the quarterly results of Zoom, a platform for video communication that got extremely popular during the pandemic. I’ll present to you important financial achievements of the company, demonstrate how the quotations reacted, and cheer you up with the tech analysis<\/a> by Maksim Artyomov.<\/p>\n\n\n\n

<\/span>Zoom Video Communication report for Q1, 2021<\/span><\/h2>\n\n\n\n

On the first day of summer, the American communication company Zoom Video Communications reported its financial performance for Q1, 2021. Judging by the report, the audience of the platform for online communication keeps growing, though the world is gradually winding up the remote format of work, study, and life.<\/p>\n\n\n\n

Compared to the statistics of Q1 of financial 2021, the number of corporate clients with few employees (10 and more) increased by 87%, reaching 497,000 enterprises. As for client company having an annual income of over $100,000, their number increased by 160% up to 1,999.<\/p>\n\n\n\n

The company revised its forecast for the current quarter based on the results of previous three months. Expected revenue was increased from $900-905 million to $985-990 million. Corrected return on stock should amount to $1.14-1.15. As you know, though, the forecast by Refinitiv is more modest: revenue - $931.8 million, corrected return on stock - $0.94.<\/p>\n\n\n\n

<\/span>Important report detail<\/span><\/h3>\n\n\n\n