Zoom Revenues once again quadrupled year over year
Being used more than other video conferencing app and keeping in view its popularity, Zoom started adding more features to its platforms and the results are evident. The revenues of Zoom are once again quadrupled year over year. Now when we are a victim of the second wave of coronavirus, Zoom reported $777.2 million in revenue during Q3, which is 4x of its revenues from the same quarter last year. It means during the last two quarters, the company was able to quadruple its revenues. Other video conferencing app including Google Meet, Slack and Microsoft Teams are also performing pretty well and have got users’ attention. However, when it comes to zoom, the company was lucky enough to win the race by having a user-friendly platform. Zoom has not revealed how many new users it had got in total but the figures clearly show that its customers have grown and will keep on growing in times to come. One question that is usually asked is that when the pandemic will go away, will zoom still have these many users? Well only the time can give the real answer to this question, but one thing is sure, many companies will still keep on working from home which means virtual meetings. It might be possible that the company will witness a sudden drop in users but that will still be better than its initial figures prior to the pandemic. Also Read: Zoom Introduces New Security Features to Prevent Zoombombers
