We had already been living in the world of technology but, the breakout of the Covid-19 pandemic maximized the use of technology. Zoom app is one of the most amazing examples of how people have shifted their life to technology. From working to studying, communicating with your loved ones to doing online groceries, digital technology is the one that came to the rescue.
Zoom released its earnings report on Wednesday which reveals that Zoom has been constantly observing record-breaking revenues. According to the infographic, in the fiscal year which ended in January 2021, Zoom noticed a massive spike in its revenue.
Starting with a 169 percent increase the year-over-year revenue of zoom accelerated to a huge 355, 367, and 369 percent in the rest three quarters of the fiscal year, respectively. By the end of January 2021, Zoom recorded total yearly revenue of $2.65 billion which was incredibly huge than the previous year’s revenue i.e., $623 million.
With an incredible surge in the usage of Zoom applications for online video conferencing, the company is expected to see even more spikes in the current fiscal year.
Infographic by: Statista.com