While that was exciting if you were a shareholder, it made buying shares at that time a dicey proposition. When Zoom was growing revenue in the triple digits during 20, the market had the stock priced as if that growth would never slow. However, even if the results from this quarter continue to hold steady into the future, that level of business performance would still be impressive. It remains to be seen what growth looks like in the coming quarters and years as the business normalizes. Similarly, Zoom's enterprise customer growth of 24% was the lowest it's been in the past five quarters.Īs mentioned above, all of these metrics were bound to slow after Zoom pulled forward so much growth over the past few years. For example, while Zoom's net dollar retention rate for enterprise customers is very strong at 123%, that metric was 130% as recently as two quarters ago.
While Zoom's Q3 results are impressive, investors should be aware that some of these metrics are slowing from where they were over the past few quarters.
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