Zoom rides pandemic to another quarter of explosive growth

A group of women use the Zoom video conferencing application (Dominic Lipinski/PA)

A surge in paying customers has enabled videoconferencing firm Zoom to hail another quarter of explosive growth.

On Monday, the company reported that its revenue for the May-July period more than quadrupled from the same time last year to 663.5 million dollars (£496 million), boosted by a steadily rising number of users converting from the free to paid version of Zoom’s service.