Zoom saw revenue quadruple in monster second quarter
Illustration by Alex Castro / The Verge Videoconferencing platform Zoom had a huge second quarter, with $663.5 million in revenue compared to $145.8 million a year ago, the company announced on Monday. It now has around 370,000 customers with more than 10 employees, an increase of 458 percent year over year.
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," Zoom founder and CEO Eric S. Yuan said in a statement announcing the earnings.
On a call with analysts- over Zoom, of course- Zoom CFO Kelly Steckelberg said subscriptions from new customers accounted for 81 percent of the second quarter revenue growth. The company did not see the customer churn it had expected, she added. Yuan...