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What is Zoom?

Video communications service provider Zoom gained popularity due to coronavirus outbreak and now, millions of professionals and companies are using the service for their critical meetings and conferences.  the popular video-conference app Zoom connects millions of people every day as these quarantine days pass by and people refrain from coming together in meeting rooms. It helps businesses and organizations bring their teams together in a frictionless environment to get more done.

Briefly, Zoom offers reliable cloud platform for video, voice, content sharing, and chat runs across mobile devices, desktops, telephones, and room systems. Zoom is publicly traded on Nasdaq (ZM) and headquartered in San Jose, California.

For the full fiscal year 2020, Zoom’s total revenue was $622.7 million, up 88% year-over-year. GAAP income from operations for the fiscal year was $12.7 million, compared to GAAP income from operations of $6.2 million for the fiscal year 2019. While the number of remote workers has been increasing, Zoom has surged as a huge number of people across the world. The company announced that it has opened a data center in Singapore, diversifying its network and expanding into South-east Asia for the first time in 2020 August.

Considering security issues, Zoom introduced two new security features to remove and report disruptive meeting participants. Furthermore, Zoom has shared information about an internal tool they’re using to help prevent meeting disruptions before they happen.

Recent Zoom News

Zoom selects Oracle

Zoom selects Oracle

According to the announcement, Zoom Video Communications needed additional cloud capacity immediately, to meet rapidly increasing demand for its services, ...

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