Dade Hayes Finance EditorZoom Video Communications, one of the few U.S. companies to see its business skyrocket during COVID-19, posted a dizzying set of financial results for its fiscal second quarter Monday.Revenue jumped to $663.5 million in the period ending July 31, up 355% from the same stretch in 2019.
One key metric — the number of Zoom customers with at least 10 employees — exploded to about 370,200 in the quarter, up 458% year-over-year.The blockbuster earnings report lifted Zoom shares to a new record.
They closed at $325.10, up almost 9%, gaining another 9% in after-hours trading.The months of May, June and July were a time when much of the country battled surging COVID-19 infection rates.
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