$ 633.5 million in first-half Zoom revenue

Zoom Video Communications Company achieved impressive results in the first half of 2020, taking advantage of the Corona epidemic crisis.

According to Al-Bayan newspaper, Zoom generated $ 633.5 million in revenue, compared to the $ 500.5 million analysts had expected, according to CNBC. .

Thus, Zoom's revenues during the fiscal year ending on the date of last July 31 increased by 355%, compared to the end of the previous fiscal year. It is striking that the new subscribers of Zoom services accounted for 81% of this tremendous growth in the company's revenues.

It is noteworthy that the company's revenues had increased during the first quarter of this year by 169%, compared to its revenues during the same period in 2019.

Zoom posted a fairy jump in profits at the end of the second quarter of 2020, reaching $ 186 million, compared to only $ 5.5 million in the same period in 2019. Gross margin increased The rate for the company during the second quarter of 2020 is 72.3%, compared to 69.4% at the end of the first quarter. This is partly due to the expansion in equipment capabilities of its data centers.

It is worth noting that, during the second quarter of this year, a huge segment of the world's population became more dependent on the video communication programs provided by Zoom, whether for work, education purposes Or, communicating with relatives and friends, after the outbreak of the Covid-19 pandemic in all parts of the world, including rules related to social distancing, remote work and education.

The average of the two months of active users of Zoom services and programs during the second quarter was 148.4 million users, an increase of 4,700%, compared to the second quarter of last year.

These impressive numbers were reflected in the performance of Zoom's stock, of course, as the share's value rose in trading yesterday by 25%, while it has increased since the beginning of this year by 269%. / p>

It is worth noting that Zoom was founded in 2011 and is headquartered in San Jose, California, USA.

(Amazon fun knowledge)