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Eric Yuan, CEO of Zoom Video Communications takes part in a bell ringing ceremony at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019. (Credit: Reuters File Photo)
Zoom Video Communications Inc raised its full-year revenue forecast on Tuesday, riding on a surge in usage of its video conferencing platform as people turn to virtual meetings to stay connected and work remotely amid broader stay-at-home measures.
The company raised its full-year outlook to a range of $1.78 billion to $1.80 billion, from $905.0 million to $915.0 million expected previously. Analysts on an average expected revenue of $935.2 million, according to IBES data from Refinitiv.
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