Zoom ended the year 2020 strong.
From February 2020 to January 2021, the video conferencing app garnered $ 2.65 billion in revenue, 327% more than the previous year and earned 672 million in net profit (up from 25 million in 2019-20).
READ ALSO: Zoom continues its crazy growth
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We are honored in our role as a privileged partner and in being a driving force for the modern 'work from anywhere' environment,
" CEO Eric Yuan said in a statement.
"Zoom meetings" and "Zoom aperitifs" are now part of the daily life of millions of people.
Software features, such as the mosaic display of participants, have been copied by the giants of Silicon Valley.
Last quarter net profit of $ 260 million
In the last quarter, during the holiday season marked by lockdowns and incentives not to organize rallies, Zoom achieved $ 882 million in revenue (+ 369%) and $ 260 million in net profits (against 15 million from November 2019 to January 2020).
At the end of January, the group had more than 467,000 corporate customers with more than 10 employees.
Powered by the star tool of our professional, school and social lives, the videoconferencing application has a very bright future, even once the consequences of the Covid-19 pandemic on face-to-face work have been attenuated.
The company is indeed counting on growth of 42% in its turnover for the current year, despite the likelihood that Covid-19 vaccines will make distance education and teleworking less necessary.
The company expects between 900 and 905 million dollars in sales for the current quarter, and 3.7 billion for the year.
The title of the group jumped nearly 9% during electronic trading after the close of the stock market.