Zoom Video Communications Inc. posted another quarter of record sales and again lifted its outlook as remote working and distance schooling drags on during the pandemic, but the growth has come with higher costs that disappointed investors.
Zoom has been providing some of its services free to users, including to now more than 125,000 K-12 schools that began the new academic year largely teaching remotely. That weighed on its profitability, Zoom said Monday. Gross margin for the quarter fell to 67%, down from 71% in the prior…
