Cloud costs weigh on Zoom’s growth as sales outlook beats estimates
By Stephen Nellis and Uday Sampath Kumar (Reuters) - Zoom Video Communications Inc forecast fourth-quarter revenue above expectations on Monday but its gross margins fell and some growth metrics slowed, sending shares down nearly 8% despite booming sales powered by working and learning from home. Zoom's user figures have spiked as a pandemic-induced switch to work from home encouraged more users of...
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