The company "zoomed to scale last year, but post-pandemic growth is a different story," Deutsche Bank's Matthew Niknam said in a research note, maintaining a "hold" rating on the company. 31, revenue growth slowed further to 35.2%, compared to 366.5% in the prior-year period.Īnalysts said this trend is likely to continue, putting pressure on Zoom to find new revenue streams and growth opportunities. Those growth rates eventually slid as the company faced tougher year-ago comparisons, dropping into the double digits in the July quarter. At the peak of its meteoric rise, Zoom posted three consecutive quarters with revenue growth that topped 350% year over year. The COVID-19 pandemic turbocharged the demand for videoconferencing tools and collaboration applications in 2020, allowing Zoom to swoop in and transform itself from a relatively niche provider of business software to a household name. continued its streak of delivering better-than-expected earnings, but the company's stock plunged amid concerns around diminishing revenue growth.
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