Zoom Revenue Quadrupled in the Second Quarter

Zoom Revenue – On Monday morning, Zoom announced that its video conferencing platform Zoom

achieved huge profits in the second quarter, and those profits amounted

to about $ 663.5 million, when compared to last year,

we find that last year was estimated at 145.8 million dollars. American.

As due to the events of 2020 due to the Corona pandemic and the resort of many to the Zoom site,

the company has about 370,000 customers with more than 10 employees,

with an increase of 458 percent on an annual basis, and this is a tremendous success.

Eric S Yuan, (Senior Founder and CEO of Zoom) said in an official statement announcing

the profits they made this year: “Our ability and success has resulted in keeping people around the world in touch regardless of circumstances.

Country, coupled with strong execution we have,

all of which led to a 355% year-on-year revenue growth in the second quarter. “

Zoom CFO Kelly Steckelberg said that subscriptions from new customers this year

alone accounted for about 81 percent of revenue growth in the second quarter,” he said in a call with analysts.

She also added that the company had never seen the customer he was expecting.

Yuan noted that these new clients included ExxonMobil and Activision Blizzard.

Yuan (president of the company) said that the company’s revenue forecast

For next year 2021 will now reach $ 2.39 billion

Zoom is now ubiquitous, due to the coronavirus pandemic and the resort of many people

and companies to follow their work and hold meetings at home

in order to apply social distancing, which was reflected in the first quarter of the year

when revenues grew by nearly 170 percent year on year to About $ 328 million.

Zoom has struggled with its share of security issues in recent months,

In recent months, the company has faced many criticism for suggesting

that its video chats were fully encrypted, but they were not.

Zoom announced in June that it will allow users to enable end-to-end encryption and will do so in a trial version for both its free and paid levels.

In recent months, the company struggled with some security problems, as the company suffered from widespread outages that lasted for several hours, affecting all meeting and webinar services.


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