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Zoom doubles profits to $ 884 million net in nine months

San Francisco (USA), Nov 22 (EFE) .- The net profits of the online videoconferencing company Zoom doubled between February and October compared to the same period of the previous year to reach 884 million dollars, a growth enviable, but far from the one experienced last year.

With regard to turnover, during the first nine months of its fiscal year, which begins in February, the company based in San José (California, USA) had a turnover of 2,231 million dollars, almost twice more than the 1,214 million for the same period of 2020.

For their part, the company’s shareholders made $ 2.99 per share in the past nine months, while last year at this point those benefits were only $ 1.46.

Zoom became in 2020 one of the most international symbols of the covid-19 pandemic, since in a matter of weeks it went from having an almost marginal presence in the market to being a fundamental tool in the day-to-day lives of millions of people .

Schools, companies and public institutions from all over the world came to hold meetings at Zoom that they used to do in person, and the number of clients multiplied.

Currently, Zoom has 512,000 companies with more than ten users who use its services, 18% more than a year ago.

Although Zoom continues to grow at an enviable rate for any company as shown by the figures published today, with the reopening of the economy in much of the world and the progressive return to offices and classrooms, its use has ceased to occupy the preponderant place that had until a few months ago.

The good results of Zoom did not finish convincing investors on Wall Street, and its shares fell 1.17% to $ 239 per share in electronic trading after the close of the New York markets.

(c) EFE Agency

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