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Zoom beats quarterly revenue estimates By Reuters



© Reuters. A 3D printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/Files

(Reuters) – Zoom Video Communications (NASDAQ:) beat estimates for third-quarter revenue on Monday benefiting from the launch of its new offerings as the video-conferencing platform tries to retain users who have started returning to offices and schools.

The company’s revenue rose 35% to $1.05 billion in the third quarter ended Oct. 31, compared with analysts’ estimates of $1.02 billion, according to Refinitiv data.

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