Zoom beats quarterly revenue estimates


FILE PHOTO: Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) -Zoom Video Communications beat market expectations for quarterly revenue on Monday, helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares up about 11% in extended trading.

Revenue for the fourth quarter stood at $1.15 billion, beating an estimate of $1.13 billion, according to LSEG data.

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