Zoom Meeting

Zoom has predicted its sales to rise more than 40 per cent in 2021, to reach $3.7 billion (€3.1 billion), as it says it expects remote working is here to say.

Speaking on Monday, the company revealed its revenue had soared 326 per cent in 2020, and that usage showed little signs of slowing towards the end of the year. In fact, in the final quarter of 2020, sales soared 369 per cent when compared to the same quarter in 2019.

The nine-year-old company has become an ever-present tool during the pandemic, being used for everything from boardroom meetings, to virtual pub quizzes. 

Zoom CEO Eric Yuan described 2020 as “an unprecedented year for Zoom”, and said that the company has “significantly scaled [its] business to provide critical communications and collaboration services to [its] customers and the global community in response to the pandemic”. 

In 2021, the company believes it is “well positioned for strong growth”, he continued, with its platform on which its customers can build, run, and grow their businesses.”

Moreover, Zoom said it expected first-quarter revenue to register between $900 million (€746 million) and $905 million (€751 million).

The earnings report largely reflected expectations. However, as students and workers hope to return to schools and offices later this year, concerns had been raised that Zoom and other companies benefiting from 2020’s lucrative remote working trend would suffer a slowdown. Despite this, Zoom’s guidance suggests that these concerns may have been overblown.

Furthermore, Zoom has been expanding into new fields to diversify its offerings outside of its video conferencing service to offer a more comprehensive suite of workplace software. 

Featured Image:


The Body Shop’s fair-trade suppliers might be left in limbo after collapse of UK company

February 19, 2024
by Anthea Cachia

The company is known of its standards of ethical, fair trade and cruelty free products

Ever wonder how many videos are on YouTube? Researchers reveal it’s a whopping 14 billion

February 10, 2024
by Robert Fenech

The way YouTube is used makes it most aptly described as infrastructure, say researchers

European Parliament to establish TikTok presence despite app’s ban on corporate phones

February 7, 2024
by Anthea Cachia

The Parliament is adopting this approach to fight disinformation and get the message across, while retaining cyber security