June 03 - 14:06
71D
Zoom reports huge spike in earnings and users
Zoom has been given a boost after posting stronger-than-expected financials. The company's popularity has soared during the pandemic, but found itself the subject of complaints over privacy and security issues, for which its CEO Eric Yuan apologised. But today it reported that sales jumped 169% year-on-year in the three months to 30 April to $328.2m, with usage up 30-fold year-on-year.
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