Zoom continues to make history: It doubled its profits

Zoom‘s revenues in May-June-July increased by more than 300 percent and reached $663.5 million. This rise of Zoom also surprised the analysts who made the predictions

The breaking point was the coronavirus

The most preferred choice after most workplaces switched to home-office system after the epidemic Zoom, which is one of the most popular applications, increased its profit to 186 million dollars and increased the number of users by more than 400 percent compared to the same period last year. It is known that the multi-conferencing feature is behind this success of Zoom. After this success of the company, Facebook and many similar technology companies tried to develop the multi-conference system and even launched new models.

Problems came with it

Zoom, which was established in 2011 and achieved great success in a short period of time, has many problems behind the growth that came with the coronavirus. also encountered. The most important of these was the problem of infrastructure. Especially after the pandemic, the transfer of education to the virtual environment in the USA forced Zoom’s servers, and there were occasional crashes and disconnections on the platform. In addition, hacker attacks on the company’s systems also badly affected Zoom’s reputation.

Continuing to grow despite all this, Zoom closed its shares at a level of more than $300 and increased its annual income expectation to higher than 30% and set it between $2.37 billion and $2.39 billion.

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