World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Pandemic Boosts ZOOM’s Revenue Growth By 169% Year-over-year

Data obtained by indicates that revenue for video communication platform Zoom grew by 168.85% by the first quarter of the fiscal year 2021. During this period the revenue stood at $328 million.

Zooms revenue continues to rise

During the first quarter of the fiscal year 2020, the revenue was $122 million, accelerating the upward trajectory. By the close of the fiscal year 2020, Zoom’s total revenue stood at $623 million.

The impressive upward trajectory in Zoom revenue began during the first quarter of the fiscal year 2019. The revenue stood at $60 million, growing by 25% in the second quarter of the fiscal year 2019. The revenue then hit $90 million and $106 million in the third and fourth quarters of the fiscal year 2019 respectively. In total, Zoom’s revenue for the fiscal year 2019 was $331 million.

According to the data, by the second quarter fiscal year 2021, the revenue will stand at $495 million, bringing the total of Zoom’s revenue for the fiscal year 2021 to $1.77 billion.

The research also looked at countries that are currently witnessing a high Coronavirus death rate. According to the research report:

"With these countries still battling the pandemic, they are expected to witness increased Zoom adoption translating to higher revenue. "

As of June 2nd, Sweeden has the highest rate at 5.29 deaths per million people, followed by the United Kingdom at 4.48 while Peru is third with 4.35 million deaths per one million people. Brazil has 4.34 deaths per one million people while the United States closes the top five categories at 2.99.

In the sixth position, there is Canada at 2.96, followed by Mexico with 2.81 deaths per one million people. On the other hand, Chile is eighth with 2.63 followed by Armenia at 2.51 while Belgium closes the top ten categories with 2.14 million deaths per million people.

© Scoop Media

World Headlines


UN News: Landmark G7 Agreement Pledges 870 Million COVID-19 Vaccine Doses, Half By End-2021

A senior UN official welcomed on Sunday, the Group of Seven (G7) leading industrialized nations’ commitment to immediately share at least 870 million doses of COVID-19 vaccines, supporting global access and helping to end the acute phase of the pandemic... More>>

OECD: G20 GDP Returns To Pre-pandemic Level In The First Quarter Of 2021, But With Large Differences Across Countries

Gross domestic product (GDP) of the G20 area returned to pre-pandemic level in the first quarter of 2021, growing by 0.8% compared with the fourth quarter of 2020. However, this figure conceals large differences across countries... More>>

Myanmar: ‘Mass Deaths’ Alert As 100,000 Flee Junta’s Heavy Weapons

In Myanmar, international action is needed urgently to prevent “mass deaths” there, after civilians fled attacks by so-called “junta bombs”, a top independent UN rights expert has warned... More>>

Focus On: UN SDGs

COP26: Progress Made As May-June UN Climate Change Session Closes

The May-June Climate Change Session, the first to have been held virtually to prepare for the UN Climate Change Conference (COP26) to be held at the end of the year in Glasgow, Scotland, closed today... More>>

UNFCCC: Halving Emissions By 2030 Is New Normal - Race To Zero Anniversary
Over 4,500 non-state actors from across the global economy have committed to halving emissions by 2030, joining the UN-backed Race to Zero campaign... More>>

UN: Tackling Biodiversity & Climate Crises Together And Their Combined Social Impacts

Unprecedented changes in climate and biodiversity, driven by human activities, have combined and increasingly threaten nature, human lives, livelihoods and well-being around the world... More>>