Tech
Zoom profits top estimates, but growth is fading
Web conferencing platform, Zoom has reported a sales growth of 191 percent.
The first-quarter results show a revenue of $956.2 million, an increase from $382 million a year earlier.
The company says the onset of COVID-19, people working from home, and an optimisation of public-cloud resources led to the blowout figures.
Zoom has been particularly sensitive to pandemic news and trends, like when stocks fell dramatically last year when Pfizer announced the effectiveness of their vaccine.