Zoom reports slowest quarterly revenue growth since going public By Reuters


© Reuters. FILE PHOTO: Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Zoom Video Communications (NASDAQ:) 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.

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