Zoom’s paid usage skyrockets as remote work takes over

Amid the COVID-19 pandemic, few companies seemed more poised to receive a usage bump than Zoom and its enterprise-grade video chat platform, but it turns out Zoom’s growth has outpaced those expectations.
In the company’s quarterly earnings release, Zoom delivered a beat that represented 169% year-over-year revenue growth, but they did so on the back of huge customer growth. The company detailed that they now had 265,400 customers with more than 10 users on their account, a number Zoom said represented a 354% surge. Zoom also saw a big spike in high-budget customers who had spent more than $100K on the platform in the past year, noting these customers had grown 90% since Q1 of last year.

Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue
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