The Zoom platform revealed financial results that reflect the high demand for video conferencing software during the isolation phase of the Covid-19 epidemic, and the platform indicated that it is one of the biggest beneficiaries of social divergence, although it does not like it except in such current circumstances.
From January to March this year, the California-based company achieved a 169% increase in revenue to $ 328 million, and generated profits of 27 million.
The social divergence measures taken in the framework of the fight against the "Covid-19" pandemic imposed a fundamental shift in communication between people who have resorted extensively to videoconferencing techniques.
Zoom founder and president, Eric Yuan, said in a statement about the company’s results, that the emerging SK virus crisis “has led to a greater demand for communication and cooperation visually, with the participation of many people.” He added, "Different uses increased rapidly with the inclusion of (zoom) in the work of individuals, their education and their personal lives."
The app allowed for family meetings online, classes, yoga sessions, and professional meetings as well.
The appearance of the participants' pictures as a "mosaic" on the screen has become a symbol of domestic isolation, and has been reproduced by other giant communication companies such as "Facebook", "Google" and "Microsoft".
At the end of the first quarter of the year, the number of Zoom customers in return for a paid subscription reached 265,400, among them companies with at least 10 employees, an increase of 354% compared to last year, according to the company based in San Jose in Silicon Valley .
However, the road has not always been easy for Zoom, as the sudden and heavy turnout of new users has led to problems with information security, and revealed flaws in the management of confidential data.
Last month, New York State announced that it had reached an agreement with the group to improve the protection of its platform from possible attacks, and the agreement put an end to an investigation launched by Prosecutor Leticia James last March on the vulnerabilities of this software. Zoom launched a charity a while ago, and started making donations to local and international societies, including the World Health Organization.
• 328 million dollars from January to March last.