Zoom Video Communications Inc. posted another quarter of record sales and again lifted its outlook as remote working and distance schooling drags on during the pandemic, but the growth has come with higher costs that disappointed investors.
Zoom on Monday reported sales of $777.2 million in the latest quarter, up from $166.6 million a year earlier, as it posted a profit of $198.4 million. Analysts surveyed by FactSet had expected sales of $694 million and net income of $149 million for the three months ended October 31.
