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Coronavirus effect: Zoom’s revenue increased by 458 percent

Zoom announced the second quarter figures of 2020, which increased the number of users from 10 million to 300 million during the pandemic process. Zoom’s revenues increased by 458 percent compared to the same period last year.

The coronavirus pandemic, which cost the lives of over 800 thousand people worldwide, has also radically changed our working habits.

Tens of millions of people around the world have started working from home due to the pandemic.

With people starting to work from home, applications where you can hold online meetings have gained considerable popularity in a short time.

The most striking of those apps is Zoom. The application that established 9 years ago and served 10 million users in December 2019. It has reached 300 million users in a short time.

Seeing a rapid increase in the number of users during the pandemic process, Zoom’s earnings continue to increase during this period.

Zoom’s second quarter revenue was $ 663.5 million, with $ 328.2 million in revenue in the first 3 months of 2020.

This means an increase of 458 percent compared to the same period last year.

Saying that Zoom’s financial income outlook for 2021 is $ 2.39 billion, CEO Eric S. Yuan. During the coronavirus outbreak, practice has become much more common.

Written by Maraaz

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