<p>Zoom Video Communications Inc forecast fourth-quarter revenue above expectations on Monday, as the <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> pandemic-induced switch to work from home, encouraged more users of its video conferencing service to sign up for paid subscriptions.</p>.<p>A relative upstart before the pandemic hit, Zoom quickly became a household name globally as a desperately needed, easy-to-use video conferencing platform for schools and offices forced to work remotely.</p>.<p>The company expects fourth-quarter revenue of between $806 million and $811 million, above estimates of $730.1 million, according to IBES Refinitiv data.</p>.<p>Revenue for the third quarter ended October 31 surged 367% to $777.2 million, beating analysts' average estimate of about $694 million.</p>.<p>Net income attributable to common stockholders jumped to $198.4 million, or $66 per share, from $2.2 million, or 1 cent per share, a year earlier. </p>
<p>Zoom Video Communications Inc forecast fourth-quarter revenue above expectations on Monday, as the <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> pandemic-induced switch to work from home, encouraged more users of its video conferencing service to sign up for paid subscriptions.</p>.<p>A relative upstart before the pandemic hit, Zoom quickly became a household name globally as a desperately needed, easy-to-use video conferencing platform for schools and offices forced to work remotely.</p>.<p>The company expects fourth-quarter revenue of between $806 million and $811 million, above estimates of $730.1 million, according to IBES Refinitiv data.</p>.<p>Revenue for the third quarter ended October 31 surged 367% to $777.2 million, beating analysts' average estimate of about $694 million.</p>.<p>Net income attributable to common stockholders jumped to $198.4 million, or $66 per share, from $2.2 million, or 1 cent per share, a year earlier. </p>