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0 9.45090256119943E-05 -0.000661563179283557 -0.00292977979397035 -0.0031187978451942 -0.0031187978451942 -0.0031187978451942 -0.0031187978451942
Stock impact report

Video-conferencing company Zoom files for IPO with over $300 million in sales and even a profit [CNBC]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: CNBC
Video-conferencing company Zoom files to go public with over $300 million in revenue — and it's even profitable Courtesy of Zoom VIdeo Communications Zoom Video Communications CEO Eric Yuan. Unlike most tech companies at this stage, Zoom is profitable. In the fiscal year that ended Jan. 31, Zoom had a net income of $7.6 million on $330.5 million in revenue, according to a regulatory filing Zoom will trade on the Nasdaq under the symbol ZM and is initially looking to raise as much as $100 million, though that number will likely change. Zoom has gained popularity by creating an easy-to-use service that works smoothly on mobile devices and is affordable for small groups and teams, which has created a wide and diversified customer base. The company said that its top 10 customers account for less than 10 percent of revenue. Its thousands of clients include Conde Nast, Uber and Williams-Sonoma. Zoom cites Cisco's Microsoft's Google LogMeIn Zoom relies on its own data center infrastructure a Show less Read more
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