In the fiscal third quarter, customers contributing more than $100,000 in revenues in the trailing 12 months grew 31% to 3,286. The company’s freemium business model helps it win customers rapidly, whom it can later convert into paying customers. Zoom Events’ built-in tools promote networking and enable real-time feedback, so attendees can enjoy the same benefits of in-person events while at home. The launch of the Zoom Events in India is expected to have attracted users in the to-be-reported quarter. By analyzing data from sales conversations, this AI solution provides critical insights sales leaders can use to develop their teams, enhance their customers’ experience and make more informed decisions in the future. The launch of Zoom IQ for Sales, a conversation intelligence solution designed for the Zoom platform, is expected to have been a key growth driver. An expanding portfolio of solutions is expected to have aided customer growth in the fiscal fourth quarter. Zoom’s fourth-quarter performance is likely to have gained from steady demand for varied products like Zoom Video Webinars, Zoom Rooms and Zoom Phones.

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