Zoom Video Communications, the company that won great amount of recognition during the early days of the pandemic, reported better-than-expected results for its first fiscal quarter ended April 30, 2023. With total revenue of $1.11 billion and enterprise revenue of $630 million in the first quarter, Zoom raised its full-year guidance as well, expecting around 2 percent revenue growth for the year ending January 31, 2024. That is indeed a far cry from the growth numbers it posted during the pandemic years, as the working-from-home requirements come to an end and rigid competition from Microsoft Teams, Cisco’s Webex and Salesforce’s Slack have brought the former pandemic high-flyer down to earth.


