Videoconferencing company Zoom reported fiscal Q1 earnings.<\/p>\n
<\/p>\n
You must imagine Zoom\u00a0isn’t doing all that bad in the midst of the pandemic, but they’re actually doing better than you think… in fact, they’re doing better than they themselves expected.<\/p>\n
Zoom reported\u00a0$328.2 million in revenue compared to the $202.7 million expected for the quarter ended April 30, which means the videoconferencing company\u2019s revenue grew 169% year over year. It even\u00a0gave all of its non-commissioned employees a one-time bonus worth two weeks\u2019 pay to help them pay for costs arising from any interruptions to their work because of the pandemic.<\/p>\n
According to a Bernstein note<\/a> that cited Apptopia data, the Zoom mobile app added an estimated 159 million monthly active users between March 4 and May 27.<\/p>\n But with every success, problems follow. According to CNBC<\/a>, as more people have flocked to Zoom, other companies have taken notice, and people have come across\u00a0security and privacy issues\u00a0in Zoom\u2019s software. At the beginning of April Zoom\u00a0said<\/a>\u00a0it would spend the next 90 days\u00a0finding and fixing problems. Also in April\u00a0Facebook\u00a0introduced\u00a0a video-calling feature\u00a0called Messenger Rooms that could work as alternative to the free version of Zoom, sending Zoom shares downward, and\u00a0Verizon\u00a0announced the\u00a0acquisition of smaller competitor Blue Jeans.<\/p>\n","protected":false},"excerpt":{"rendered":" Videoconferencing company Zoom reported fiscal Q1 earnings.<\/p>\n","protected":false},"author":8,"featured_media":26650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1069,45],"tags":[99,1385,250,3794,3793],"class_list":["post-26649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-choice","category-industry","tag-ceo","tag-ceo-northam","tag-earnings","tag-videoconferencing","tag-zoom"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=26649"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26649\/revisions"}],"predecessor-version":[{"id":26854,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26649\/revisions\/26854"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/26650"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=26649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=26649"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=26649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}