Zoom Revenues Soared 191 Percent in the First Quarter

I assume it’s no surprise that Zoom is still riding its pandemic high, but the firm reported that revenues grew 191 percent in the first quarter, to nearly $1 billion.

“We kicked off the fiscal year with a very strong first quarter,” Zoom founder and CEO Eric S. Yuan said. “Our steadfast commitment to empowering customers to work and learn from anywhere with our expansive, innovative, and frictionless video communications platform continued to drive our results … Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life. We are energized to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections.”

For the quarter ending April 30, 2021, Zoom posted a net income of $227.4 million on revenues of $956.2 million.

And it has some other amazing numbers as well: Zoom has over 497,000 customers with more than 10 employees, up 87 percent YOY. And the number of customers that contributed over $100,000 in revenues in the previous 12 months was up 160 percent YOY.

Tagged with

Share post

Conversation 13 comments

  • bluvg

    02 June, 2021 - 12:18 pm

    <p>Props to Yuan, who left his baby WebEx (now an ugly mess) to start Zoom and focus on first principles*. Teams wouldn’t be what it is without Zoom leading and competing. </p><p><br></p><p>*Except security, though they have come a long way to resolve that.</p>

  • MutualCore

    02 June, 2021 - 12:19 pm

    <p>I guess Teams is doomed!</p>

    • wright_is

      Premium Member
      03 June, 2021 - 2:33 am

      <p>It depends… I’ve had dozens of external Teams meetings in the last year, 1 on Amazon Chime (Amazon corporate rep telling us about the benefits of Prime for Business) and 1 Zoom call (to a British journalist).</p><p><br></p><p>I guess it depends on which sphere you move in, but all of our suppliers and customers use Teams or don’t use anything at all and we host the meetings.</p>

  • bettyblue

    02 June, 2021 - 12:19 pm

    <p>My company has an Enterprise M/O365 agreement with just over 5000 users licensed. Teams is in use everyday by many users.</p><p><br></p><p>All that said, the executives, and most users prefer Zoom to Teams for meetings with video.</p>

    • MutualCore

      02 June, 2021 - 12:21 pm

      <p>I’ve used both and I actually prefer Teams interface at least the chat part is better implemented.</p>

      • vladimir

        Premium Member
        02 June, 2021 - 2:19 pm

        <p>It’s a completely different concept. Teams is a complete chat platform. Zoom chat is also for short communications during a meeting, it disappears when a meeting is over</p>

        • MutualCore

          03 June, 2021 - 4:03 pm

          <p>Teams combines the best of Zoom and Slack. Zlack?</p>

  • MutualCore

    02 June, 2021 - 12:20 pm

    <p>Also Zoom is a noun &amp; verb. Teams is only a noun. Verbs are trillion dollar businesses now. Microsoft has trillion-dollar verbs.</p>

    • MutualCore

      02 June, 2021 - 12:20 pm

      <p>I mean MS has NO trillion-dollar verbs. Bing is nowhere. Skype is dying. What else do they have?</p>

    • bluvg

      03 June, 2021 - 7:03 pm

      <p>And not a good noun. Microsoft does this frequently, with too-generic naming. Trying to tell people about a "Teams team" is silly.</p>

  • richfrantz

    Premium Member
    02 June, 2021 - 3:42 pm

    <p>Poor Skype. Coulda Woulda Shoulda</p>

  • robinwilson16

    02 June, 2021 - 6:19 pm

    <p>Zoom may not have all the additional functionality Teams has but then it runs fast unlike Teams and also works ok with Apple Airpods. It is better if getting together with people from different companies as everyone can quickly connect even if they lack the software.</p>

    • arnstarr

      03 June, 2021 - 2:36 am

      <p>Teams doesn’t need to be installed to be used, except on phones.</p>

Newsletter

Stay up to date with the latest tech news from Thurrott.com!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Thurrott © 2023 BWW Media Group