FILE PHOTO: Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Zoom Video Communications Inc posted its first billion-dollar revenue quarter but signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, sending its shares tumbling 11%.
The company on Monday forecast third-quarter revenue between $1.015 billion and $1.020 billion, compared with the analysts' average estimate of $1.013 billion, according to Refinitiv data.
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