Zoom reported a massive revenue increase in the latest fiscal year

Zoom reported a massive revenue increase in the latest fiscal year after the COVID-19 pandemic struck, spurring workers, students, lawmakers and others to use the online platform.

The video communication company documented a $2.65 billion revenue during the 2021 fiscal year, amounting to a 326 percent increase from the previous fiscal year. In the fourth quarter alone, revenue jumped by 369 percent to $882.5 million.

“We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment. Our ability to rapidly respond and execute drove strong financial results throughout the year,” Eric Yuan, Zoom’s founder and chief executive officer, said in the statement.