Zoom's tepid growth forecast takes shine off billion-dollar quarter

The company on Monday forecast third-quarter revenue between US$1.015 billion and $1.020 billion, compared with the analysts' average estimate of $1.013 billion, according to Refinitiv data.(Fil pic shows Zoom app.)

The company on Monday forecast third-quarter revenue between US$1.015 billion and $1.020 billion, compared with the analysts' average estimate of $1.013 billion, according to Refinitiv data.

That indicates a rise of just about 31.2% from a year earlier, compared with multiple-fold growth rates in 2020 when the COVID-19 crisis had turned Zoom into a household name due to the rise of remote working and schooling.