Do you remember all the people on our board who were sure that all the increased usage Zoom was reporting was all free users?
Do you realize that in the October quarter they only had 546 enterprise customers with over $100,000 in TTM spend?
Do you realize that in the January quarter they only had 641 enterprise customers with over $100,000 in TTM spend? They had added 95 in the quarter.
Then this quarter they reported 500+ new enterprise customers with over $100,000 in ARR spend (customers whose contracts going forward are for over $100,000 per year). I don’t know what 500+ means. It was intentionally vague. Let’s guess about 520.
Do you realize how enormous that is for them? It was like getting five quarters of new enterprise customers in one quarter.
Now that’s an impressive metric.
Saul