Zoom Earned More In 3 Months Than All of Last Year

The video conferencing company's stock soared roughly 23 percent, and its second quarter sales are up 355 percent from last year.
Zoom Earned More In 3 Months Than All of Last Year
Image credit: NurPhoto | Getty Images

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Features Director at Entrepreneur.com
1 min read

If there is one company the has been good to, it's . Over the course of quarantine, the -conferencing company has skyrocketed to prominence: It's achieved verb status. And now, its earnings are reflecting that in grand fashion. On Monday, the company significantly surpassed its own projected second quarter sales, with up 355 percent from the same period last year. In May, June and July, Zoom hit $663.5 million in sales, compared to $622.3 million in all of 2019. 

Its stock soared 23 percent Monday night, with earnings of $0.92 a share (up from the projected $0.45 a share). In a call with analysts, Zoom CEO says that part of Q2's gains were thanks to big new customers like Exxon Mobile and Blizzard. 

Related: Zoom Is Killing It Financially, Thanks to Remote Work

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Save on an annual Entrepreneur Insider membership through 5/8/21. For just $49/yr $39/yr, you’ll enjoy exclusive access to:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur