Why Zoom Stock Rallied Today

·2 min read
Why Zoom Stock Rallied Today

Shares of Zoom Video Communications (NASDAQ: ZM) climbed 5.6% on Tuesday after the videoconferencing-leader's earnings results were well received by investors. Zoom's revenue rose 12% year over year to $1.1 billion in its fiscal 2023 first quarter, which ended on April 30. Zoom ended the quarter with roughly 198,900 enterprise customers, representing growth of 24%.

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