![]() Unlike many software-as-a-service stocks, Zoom is profitable even at this early phase in its growth plan. Zoom's success over the next several years will depend on how well the company can cater to these clients, which helps explain why the company is focused on building out a complete platform of work collaboration services. In Q4, that division accounted for 57% of all sales compared to 50% a year ago. ![]() Sales to medium and large businesses were up 24% this past fiscal year. Rather, its future growth is more likely to come from enterprises. ![]() Yet Zoom isn't staking its future on consumers. Its online division shrank by 10% in the fourth quarter and declined by 8% for the full 2023 fiscal year that ran through late January. It is that portion of the business that's seeing the worst growth hangover today. Zoom became a household name during lockdown phases of the pandemic as most work and social interactions moved online.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |