The coronavirus epidemic, which spread from the city of Wuhan in China to the whole world, deeply affected daily life. After the coronavirus epidemic that emerged in December 2019, demand for online applications was made after the restriction decisions taken around the world. Due to the epidemic that has been in effect for about a year, the business and education world had to conduct the lessons online.
2.6 billion in total earned $
Demand for online video meeting application Zoom has increased after distance education and flexible working decisions taken due to the pandemic. Increasing its revenues significantly in this context, the company announced that its revenues increased by 369 percent in the fourth quarter of 2020, generating 882.5 million dollars in revenue, and a total revenue of 2.6 billion dollars in 2020.
5097 percent increase
Attracting attention as a reliable application in the flexible working model Zoom‘ According to generally accepted accounting principles, net income for the fourth quarter was $659 million, an increase of 5097 percent compared to the same period of the previous year. Earnings per share of the company increased by 1639 percent to $0.87 in the same period.