Zoom's revenues increased by 458 percent Due to COVID-19
Zoom increased the number
of users from 10 million to 300 million during the pandemic process, and
managed to increase its revenues in the second quarter by 458 percent compared
to the same period last year.
Demand for many conference
applications, especially Zoom, has increased, with millions of people closing
home due to the coronavirus.
In addition, some companies
have started working on their own applications to take advantage of this
potential.
Zoom has been downloaded
hundreds of thousands of times in the US, UK and many European cities in the
past months, making it the most downloaded business app worldwide.
Established 9 years ago and
serving 10 million users in December 2019, Zoom reached 300 million users in a
short time and broke a record. Seeing a rapid increase in the number of users
during the pandemic, Zoom's earnings continue to increase in this process.
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. Stating that Zoom's financial income outlook for 2021 is
$ 2.39 billion, CEO Eric Yuan underlined that the practice has become much more
common during the coronavirus outbreak.
Some privacy issues in Zoom
caused intense reactions from users. For example, in recent months, it was
revealed that some of the Zoom calls were routed through Chinese data centers.
It was also determined that
the application had opened some computer cameras without permission and
secretly listened to some conference calls. Later, it was understood that
thousands of Zoom accounts were seized as a result of the attack.
Saying that it fixed these
security problems with various updates, Zoom seems to have regained the trust
of the users.
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