The “Zoom” application achieved strong growth at the end of the year 2020, which raised it from a mere video conference service to a pivotal tool in professional, school and social life, in a trend that seems steady despite the improvement in health prospects in 2021.
The company is counting on achieving 42% growth in its revenues this year, according to a statement of its quarterly results, despite the possibility of a decrease in the need for education or remote work in light of the increasing use of vaccines against the Corona virus.
From February 2020 through January 2021, Zoom’s revenue reached $ 2.65 billion, an increase of 327% compared to the previous year.
Net service profits reached $ 672 million (compared to $ 25 million in 2019-2020).
“We are honored by the role that we play as distinguished partners and as a driver of the contemporary environment associated with – working from anywhere -” Zoom President Eric Yuan said in remarks cited in the statement.
The “Zoom Meetings” have become part of the daily lives of millions around the world.
Giant companies in the technology sector have copied some of the features of the application, including the way to show participants in video seminars in adjacent windows.