Zoom: triple sales, tenfold profit

Zoom made 2022 more promoted in the first quarter of his fiscal year in the first quarter. In the three months to the end of april, the video conferencing company has implemented $ 956.2 million. This is almost three times the same period of the previous year (+191%). The operating profit is exploded from 23.4 million to $ 226.3 million dollars. That’s almost tenfold (+867%).

Since zoom has announced tuesday night. The net profit jumped from $ 27 million a year ago to $ 227.4 million (+ 742%). Growth is strongly due to the change in the working world in the course of the coronavirus pandemic. At the same time zoom also works more efficiently and has increased its gross margin by nearly four percentage points to impressive 72.3 percent.

Although there is the majority of customers on the america continents, but the business in the rest of the world wow significantly faster. As soon as the growth can not continue permanently. The first sales of own zoom video phones for desks should help. For the ongoing second quarter, the company expects $ 985 to $ 990 million in sales, for the full year almost four billion dollars.

Railroad ride of the stock price

In subsequent trading after the announcement of the quarterly figures, zoom shares increased by two percent to $ 334.40. However, the security is still well below the course of the beginning of the year (359.98 dollars). The 52-week high is even $ 58.894 heavy and dated from mid-february.

The company ZOOM is officially zoom video communications, inc. And has its headquarters in the california san jose. The former cisco mananger eric yuan founded the company ten years ago. Since 2013 zoom offers its services. In 2017, it was valued for the first time with a billion US dollar. The first profit succeeded in 2019. Since then, zoom is borsen noted.