Zoom Video Communications Inc. raised its full-year outlook for sales after they more than doubled in the first quarter, as a surge in users working remotely during the coronavirus pandemic turned the video-chat app into one of the go-to tools for people quarantined at home. Zoom on Tuesday reported first-quarter sales of $328.2 million, up 169% from a year earlier, and posted a profit of $27 million. Analysts surveyed by FactSet had expected sales of $203.5 million and net income of $3.2 million for the quarter ended April...

Source: Wall Street Journal June 02, 2020 21:27 UTC