not vested
Zoom Video Communications
Zoom Video Communications (NASDAQ:ZM) rivals Datadog for both the fastest-growing SaaS stock, and the most expensive.
In the most recent quarter, sales jumped 85% to $167 million.
Gross margin was almost 83%.
Maybe the most amazing thing about Zoom is that it achieves these growth rates while remaining profitable.
Zoom is competing with legacy players like Cisco and Microsoft, and is taking market share from them with its best-of-breed offering.
So far, videoconferencing has been a disappointing market opportunity, with buggy systems that annoy the people who try to use them. But Zoom's motto is: "It just works."
This market opportunity is at least $43 billion, but probably higher, as videoconferencing is far more popular when the technology works.
Source: Motley Fool