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WORK - Why Enterprise Software Stocks Are Soaring Today
Slack Technologies Inc. Class A
Shares of prominent enterprise software companies, particularly those that benefit from the ongoing shift to remote work, are soaring today after Zoom Video Communications (NASDAQ: ZM) reported blockbuster second-quarter results yesterday. Zoom's revenue more than quadrupled year over year, as the COVID-19 pandemic has made its videoconferencing service a household name and enterprise customers keep gravitating to the platform.
Here's how other related tech stocks were trading as of 12:30 p.m. EDT: