Zoom Has Some Unhappy Hours Remaining

Zoom’s new normal isn’t here yet, but it’s getting closer.

The company formally known as Zoom Video Communications posted mixed results for its fiscal third quarter late Monday. Revenue of $1.05 billion was about 3% ahead of Wall Street’s estimates and the company’s projection for revenue of the same amount for the fiscal fourth quarter was likewise about 3% above analysts’ forecasts. But that also represents the first lack of sequential growth in the young company’s history, serving as yet another reminder that booming demand from the Covid-19 pandemic has largely ebbed.