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Zoom's Unpredictable Path to Glory

Whatever else Zoom Video Communications may be, it is most certainly no longer a fad.

When the videoconferencing wunderkind closed its last fiscal year in January, it was generating a little over $600 million a year in revenue. Six months into the pandemic, that number has skyrocketed to $1.3 billion for the trailing 12-month period ended July 31. For the full fiscal year ending in January, Zoom on Monday officially raised its forecast by 33% to around $2.4 billion.

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