5 ms·
three billion dollars in revenue last year
by dmamills 4y ago
three billion dollars in revenue last year
- outworlder 4y agoThis is not about revenue. Companies are noticing that every time they do a layoff, their stock skyrockets. Decreasing expenses is the icing on the cake.
- falcolas 4y agoOver 3B in profit, actually. > Zoom Video Communications gross profit for the twelve months ending October 31, 2022 was $3.283B, a 15.34% increase year-over-year. https://www.macrotrends.net/stocks/charts/ZM/zoom-video-communications/gross-profit https://www.macrotrends.net/stocks/charts/ZM/zoom-video-comm...
- mardifoufs 4y agoGross profit is not profit as we commonly understand it.
- falcolas 4y agoA good point. TIL gross profit only counts the cost of producing the product, but not payroll, taxes etc. That same link does show a $900M traditional profit on $4B of revenue, so roughly a 20% profit margin. It is a decrease year over year, but still remarkably good. At an estimated 12k employees, it's also around $360k in revenue per employee, which is pretty decent (though not top-10 for the tech industry).
- s1artibartfast 4y agoMust be doing a good job managing the company. Somebody give this man a bonus!