Zoom Reports Slowest Quarterly Revenue Growth Since Going Public

Zoom Reports Slowest Quarterly Revenue Growth Since Going Public

(Reuters) – Zoom Video Communications Inc on Monday reported its slowest quarterly revenue growth since the company went public, as demand for its video-conferencing tools eased as people returned to work.

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

(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)