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Ep. 84: Austin Lieberman: Why Investors Shouldn't Be Afraid Of Expensive Stocks

Investing With IBD

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Zoom's Customers Are Spending More Money and Staying With Them

That number matters. That's one of the most important numbers for these software businesses. Because it's an indication at how well they're serving their customers and how fast they're innovating. So what that tells me is that just like you said, zoom's customers, their current customers are probably buying more licenses and expanding. They don't have to go do a bunch of sales and marketing, which can be really expensive. It's all stuff that they just they release. And so when we see customers spending 130% in the next year,  that just means their customers are clicking on that saying yes and in upgrading and spending more money.

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