Zoom beats quarterly revenue estimates on remote work boost

(Reuters) – Zoom Video Communications Inc beat second-quarter revenue estimates on Monday as it benefited from efforts to convert more of the huge work-from-home user base it has gained in the coronavirus crisis into paying customers.

Total revenue for the three months ended July 31 jumped 355% to $663.5 million, beating estimates of $500.5 million, according to IBES Refinitiv data.