Page 15 - Newspaper_3.cdr
P. 15
Trump’s Time ECONOMY 15
share, adjusted, vs. $1.16 Zoom gaining millions of
per share as expected by users amidst the coronavirus
analysts, according to pandemic as people flocked
Refinitiv. to the service for online
- Revenue: $1.02 billion, meetings, classes, and
vs. $991.0 million as digital social gatherings.
expected by analysts,
according to Refinitiv. In the same quarter, Zoom
announced the availability of
Zoom's revenue increased Zoom Events, which allows
by 54 percent year over year organizations o create
in the quarter ending July 31. premium online meetings.
Zoom saw revenue growth of Zoom also announced that it
191 percent in the quarter invested in the event
previous. The company is software developers Cvent
reportedly aiming to see as the company sought to go
growth of 31 percent next public through a merger with
quarter. a s p e c i a l p u r p o s e
acquisition company.
The company reported its
gross margin widened to Despite the company's
74.4 percent up from 72.3 massive growth over the last
percent last quarter. During year, the company continues
t h e q u a r t e r , t h e to face serious headwinds.
t e l e c o n f e r e n c i n g Pranksters invented “zoom
giantannounced plans to bombing,” in which they
acquire the cloud contact- i n t r u d e a n d d i s r u p t
center software provider t e l e c o n f e r e n c e s . T h e
Five9 for $14.7 billion in company recently agreed to
stock. an $85 million settlement
over privacy violations and
The deal comes following zoom bombing.
