变焦是杀死它经济上,由于远程WorkArguably no company better exemplifies the change to work life in the ongoing pandemic than Zoom Video Communications, which saw its revenue skyrocket.

ByEric Griffith

This story originally appeared onPC Mag

SOPA Images | Getty Images

Zoom Video Communication, the company behind Zoom Meeting, started its fiscal year on February 1st—and what a time to do so. While the company has had nothing but steady growth going back to the first quarter of 2019 (fiscal year, not calendar), the first quarter of fiscal year 2020 saw an amazing 169 percent revenue increase year over year.

Our partners atStatistaput together the chart above to show the growth based on Zoom'sresults report. It's obviously fueled by the fact that Zoom's Q1 2021 (fiscal year, remember!) happened to coincide with the global pandemic caused by the novel coronavirus that causes COVID-19, which in turn caused so many people to start working from home and doing video conferences.

In a statement, Eric S. Yuan, Founder and Chief Executive Officer of Zoom said, "The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives."

We reported in April that Zoom was alreadyhitting 300 million daily users. But growth came with growing pains: everything from Zoom-bombings that required security upgrades (they'reeasily preventednow), to reports recently that free use of the service maycome at the cost of any hope of privacy.

Many companies have banned the use of Zoom, including SpaceX, NASA, and Google. (A few companies have banished Google Meet/Hangouts, too, to be fair.) So have many banks and some governments. If you're not enamored of Zoom, here aresome alternatives.

It doesn't appear to be hurting Zoom much where it counts, but maybe the financials of Q2 for (fiscal year) 2021 will tell a different tale.

Wavy Line
Eric Griffith

Writer

Editor's Pick

Related Topics

Branding

Are You Protecting your Brand with a Federal Trademark? Here's How to Get Started

Your business' brand is one of your most valuable assets -- and it can be protected more easily than you may think.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Business News

Doctor's Office Receptionist Arrested for Allegedly Stealing $44,000 From Patients in Square Payment Scam

According to police, the receptionist stole from over 75 patients.

Business Models

Tap Into Boundless Success Potential With These Remote Business Ideas

Are you tired of getting up in the morning, getting in your cold car, and driving to work? Then don't. Check out these remote business ideas.