Zoom (NASDAQ: ZM) Collects Laurels From Wall Street on Q1 2021 Earnings With “the Largest Beat” in Software Sector for Over 20 Years, According to JP Morgan (NYSE: JPM)
https://wccftech.com/zoom-nasdaq-zm-collects-laurels-from-wall-street-on-q1-2021-earnings-with-the-largest-beat-in-software-sector-for-over-20-years-according-to-jp-morgan-nyse-jpm/
Zoom (NASDAQ:ZM), the company that provides remote conferencing services, has wowed Wall Street analysts with its stellar Q1 2021 earnings. The latest quarterly results of the company emphasize the fact that Zoom remains one of the most prominent stock plays in an era governed by the coronavirus (COVID-19) pandemic.
To wit, Zoom beat consensus expectations on the top-line as well as the bottom-line metrics. As an illustration, the company earned a revenue of $328.17 million, constituting an annual increase of 169 percent and beating expectations by $124.64 million or 61.24 percent.