Zoom indicated that revenue growth will slow to 19% in the current quarter, compared with over 300% growth last year following the onset of the coronavirus.
The company called off its planned $14.7 billion Five9 acquisition during the quarter.
Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019.shares rose as much as 8% and soon reversed its gains in extended trading on Monday after the video-chat software company reported fiscal third-quarter earnings that exceeded analysts' estimates.$1.11 per share, adjusted, vs. $1.09 per share as expected by analysts, according to Refinitiv.Revenue increased 35% from a year earlier in the quarter, which ended Oct.
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