<p>SAN RAMON, Calif. &mdash; Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the easing pandemic lessens the need for virtual meetings.</p>
<p>Some signs for optimism emerged in the company’s latest quarterly earnings report released Tuesday. That fueled a modest rally in Zoom’s recently slumping stock.</p>
<p>Zoom CEO Eric Yuan sought to reassure Wall Street that the San Jose, California, company will still play a key role in an evolving environment that is expected to give workers more flexibility to split their time between the home and office.</p>
<p>“We are energized to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections," Yuan said.</p>
<p>Zoom’s revenue and profit continued to grow at dizzying rates that surpassed analysts’ projections. But other indicators depicted a company that may face more headwinds with the lifting of stay-at-home restrictions that propelling the video-conferencing service’s popularity during the past 15 months.</p>
<p>In one key measure, Zoom ended its February-April quarter with 497,000 customers that employed at least 10 workers and subscribed to the premium version of its service. That was a gain of 29,900 customers in that category from the November-January quarter, Zoom’s smallest increase during a three-month period since 2019.</p>
<p>By comparison, Zoom added more than 183,000 customers with 10 or more employees during the same period last year when the pandemic clampdowns were still in an early stage.</p>
<p>But Zoom management provided a show of confidence by projecting revenue above analysts’ estimates for both the current May-July quarter and its entire fiscal year. according to FactSet Research. </p>
<p>For its full year ending next January, Zoom now foresees annual revenue of nearly $4 billion. That would be a roughly 50% increase from last year, which saw revenue quadruple from the previous year.</p>
<p>The uncertainty surrounding Zoom’s prospects in a post-pandemic economy already has caused its stock price to plunge by more than 40% from its peak of nearly $589 reached last October. Zoom’s current market value of nearly $100 billion is still more than triple what it was before the World Health Organization declared a global pandemic in March 2020.</p>
<p>What’s more, Zoom is making far more money than it did before the pandemic.</p>
<p>Zoom Video Communications Inc. earned $227 million, or 74 cents per share, during its most recent quarter, up from a profit of $27 million at the same time last year. Revenue for the period nearly tripled from the same time last year to $956.2 million.</p>
<p>The company’s stock was up 2.4% in after-hours trading following the release of the earnings report.</p>