By Dade Hayes Finance Editor Zoom Video Communication continued its narrative as one of a few companies fortunate enough to thrive during COVID-19, reporting total revenue of $328.2 million Tuesday, a gain of 169% over the prior-year period.
The San Jose-based company reported its results for its fiscal 2021 first quarter, which ended April 30, after the close of trading on Tuesday.
Earnings per share of 9 cents increased from zero cents in the same quarter a year ago. The revenue number soared above the consensus estimate of Wall Street analysts, who expected $202.5 million, while the earnings number hit the target exactly.
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