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Zoom beats quarterly revenue estimates

Aug 30 (Reuters) - Zoom Video Communications Inc beat analysts’ estimates for quarterly revenue on Monday as demand remained strong for its video-conferencing service from more companies embracing hybrid work.

Revenue in the second quarter ended July 31 rose 54% to $1.02 billion, beating analysts’ average estimate of $991 million, according to Refinitiv data.

Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni

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