If 2020 was the year Zoom rode the pandemic to skyrocketing success, 2021 could be the year

the videoconferencing company comes back down to Earth. The world was in lockdown for
the coronavirus pandemic, and Zoom went from being a niche business software popular
among tech companies to the way people did just about everything. Rani Molla (Dec 4, 2020).

Total revenue for fiscal 2020 grew 88% year over year to $623 million. GAAP net income
attributable to common stockholders for the fiscal year was $22 million, or $0.09 per share,
compared to $0 million, or $0.00 per share, in the prior year. And its net cash provided by
operating activities was $152 million in 2020, compared to $51 million a year earlier. Eric S.
Yuan (Jan 31, 2020)

The remarkable financial results for the fiscal year 2021 reflect the increased adoption of the
platform and its ability to execute under pressure. Total revenue for fiscal 2021 grew 326%
year over year to approximately $2.7 billion. GAAP net income attributable to common
stockholders for the fiscal year was $672 million, or $2.25 per diluted share, a significant
increase from $22 million, or $0.09 per diluted share, in the prior year. Net cash provided by
operating activities grew 869% year over year to approximately $1.5 billion. Eric S. Yuan (Jan
31, 2021).

References:

Rani Molla (Dec 4, 2020) The pandemic was great for Zoom
https://www.vox.com/recode/21726260/zoom-microsoft-teams-video-conferencing-post-
pandemic-coronavirus

Eric S. Yuan (Jan 31, 2020) Annual Report fiscal 2020

https://investors.zoom.us/static-files/a6b3b254-94ff-415f-bb3b-8c3146b061d4

Eric S. Yuan (Jan 31, 2021) Annual report fiscal 2021

https://investors.zoom.us/static-files/a17fd391-13ae-429b-8cb3-bfd95b61b007