Zoom Reports Number Of Customers Contributing More Than $100,000 In Trailing 12 Months Revenue Up 13.5% Year Over Year
Portfolio Pulse from Benzinga Newsdesk
Zoom has reported a 13.5% year-over-year increase in the number of customers contributing more than $100,000 in trailing 12 months revenue.
November 20, 2023 | 9:08 pm
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POSITIVE IMPACT
Zoom's report of a 13.5% increase in high-value customers is a positive indicator of revenue growth and customer retention.
The increase in the number of customers contributing significant revenue suggests strong customer retention and potential for increased revenue, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on Zoom's stock price.
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