Zoom reports slowest quarterly revenue growth since listing

In this illustrated photo, taken March 15, 2021, you can see a small toy figure in front of the Zoom logo. REUTERS/Dado Ruvic/Illustration/File Photo

May 23 (Reuters) – On Monday, Zoom Video Communications Inc (ZM.O) reported its slowest quarterly revenue growth since the company went public as people returned to work and demand for video conferencing tools dwindled.

According to Refinitiv data, the company said its first-quarter sales, ended April 30, rose 12% to $1.07 billion, in line with Wall Street estimates.

Report by Eva Mathews from Bengaluru; Edited by Amy Karen Daniel

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