As the response to the coronavirus pandemic pushed of us out of offices and abet into their homes, videoconferencing has taken heart stage and one of the significant biggest beneficiaries of the swap is Zoom. This present day the company reported its earnings for the first quarter of 2020 and printed that compared to the identical duration final year, its sequence of shoppers who own better than 10 workers grew by 354 p.c to 265,400.
Its earnings grew accordingly, as a lot as $328.2 million, an accomplish better of 169 p.c from final year. In willing comments (PDF), executives mentioned “We peaked at over 300 million on each day foundation participants, free and paid, becoming a member of Zoom meetings in April 2020, up from 10 million in December 2019.” On the tip of January it notched 100 billion meeting minutes, which all staunch away grew to over two trillion by the tip of April.
