The future, according to the CEO, will also be bright: Our ability to rapidly respond and execute drove strong financial results throughout the year”. We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment. In FY2021, we significantly scaled our business to provide critical communications and collaboration services to our customers and the global community in response to the pandemic. “The fourth quarter marked a strong finish to an unprecedented year for Zoom. Yuan, founder and chief executive officer of Zoom, said: In the last quarter of the year, Zoom can boast total revenue of $882.5 million, up 369% from the same period last year.Įric S. That’s why in 2020 it will boast rising revenues, up 326% to $2.65 billion.
Lockdowns, remote learning and smart working have accelerated the use of video conferencing apps, and Zoom has distinguished itself in this respect. Zoom is a video-calling app whose popularity exploded at the same time as the Coronavirus pandemic. Why? Because investors are wondering whether Zoom has a future after the pandemic. On Thursday, however, a retracement arrived. Driven by its strong 2020 results, the stock soared on Wednesday. The Zoom stock has been on a rollercoaster ride.
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