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Zoom beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. In this April 12, 2020 illustration, a 3D-printed Zoom logo was placed on the keyboard. REUTERS/Dado Ruvic/Illustration/Files

(Reuters) – Zoom Video Communications (NASDAQ:). Monday’s third quarter revenue beat all estimates. The video-conferencing platform launched new products to try to keep users returning to schools and offices.

Refinitiv data shows that the revenue of the company rose by 35%, to $1.05billion in its third quarter ending Oct. 31. That compares to analysts’ expectations of $1.02billion.

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