Today after the bell, Zoom reported its Q4 earnings.
The companys recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yahoo Finance averages.Down several points during a broad market rally, Zoom has been a hot company to track in recent months.
Its profile was heightened due to its position as an incidental benefactor of the worlds grappling with the novel coronavirus as more countries and companies stressed staying home and working remotely, respectively, Zooms video conferencing tool was expected to see rising usage and demand.The companys shares were down sharply after reporting its earnings.What follows is a dive into Zooms Q4 earnings, its expectations for the coming period and what those figures may have to say about the infection and its impacts.
Well wrap with notes from startups that are building remote-work friendly products, sharing what they are seeing on the ground regarding demand for their services during this bleakly fascinating period of history.