Zoom Zooms Thanks to COVID

Zoom Video Communications Inc has raised its annual revenue forecast by more than 30 per cent as it converts many of its vast free user base to paid subscriptions.

Pandemic Growth

Zoom’s video conferencing platform received a huge boost in user numbers as lockdown began and the platform became a serious competitor to Microsoft’s Teams. One key area of success for Zoom has been managing to more than double (to 988) its number of large customers (with more than $100,000 in revenue in the pa...