Welcome to our dedicated page for Zoom Communications news (Ticker: ZM), a resource for investors and traders seeking the latest updates and insights on Zoom Communications stock.
News about Zoom Communications, Inc. (NASDAQ: ZM) focuses on its development of an AI-first work platform for human connection and the evolution of its collaboration, communications, and customer experience offerings. Company announcements frequently highlight advances in Zoom Workplace, Zoom AI Companion, Zoom Phone, and Zoom Contact Center, as well as partnerships that extend these capabilities into new environments.
Recent updates have showcased the launch of Zoom AI Companion 3.0, which introduces agentic AI features across the Zoom platform, including a conversational work surface, workflow automation, and deeper retrieval of information from meetings, chats, and documents. Other news has covered collaborations with technology partners such as NVIDIA and Oracle to support Zoom’s federated AI architecture and to run Zoom CX on Oracle Cloud Infrastructure for enterprises seeking AI-driven customer engagement.
Zoom’s news flow also includes product milestones and recognition, such as Zoom Phone surpassing 10 million seats globally and the company’s inclusion in industry research for unified communications as a service. In addition, Zoom reports on initiatives like the Zoom Solopreneur 50 List, which recognizes AI-first solo business leaders, and Zoom Ahead: AI for Tomorrow’s Leaders, a national learning experience aimed at AI literacy for K–12 students.
Investors, customers, and observers visiting this news page can review company press releases on product launches, AI capabilities, strategic partnerships, financial result announcements referenced in Form 8-K filings, and programs that reflect Zoom’s focus on AI, education, and business productivity.
Zoom Video Communications, Inc. (NASDAQ: ZM) announced the pricing of an underwritten public offering of 5,147,059 shares at $340.00 each, raising approximately $1.75 billion. The offering, expected to close around January 15, 2021, includes a 30-day option for underwriters to buy an additional 735,294 shares. This move follows Zoom's shelf registration statement with the SEC, which became effective on January 12, 2021, allowing the company to facilitate this public offering.
Zoom Video Communications (NASDAQ: ZM) announced the sale of one million Zoom Phone seats just before its two-year anniversary. This milestone reflects the strong service performance, reliability, and enterprise-grade features of Zoom Phone. The product has gained traction in 44 countries, offering centralized management and integration with contact centers. Analysts and customers alike, including eBay, praise Zoom Phone for its effective pricing model and seamless communication capabilities, demonstrating its growing importance in unified communications.
Zoom Video Communications (NASDAQ: ZM) has announced a public offering of $1.5 billion in shares of its Class A common stock, with a 30-day option for underwriters to purchase an additional $225 million. All shares offered will be sold by Zoom. The offering is subject to market conditions, and there is no certainty regarding the timing or completion. J.P. Morgan is the sole book-running manager. The shares are offered under a shelf registration statement that became effective on January 12, 2021. This press release does not constitute an offer to sell securities.
Zoom Video Communications has announced plans to open a new Research and Development Center in Singapore and double its co-located data center's capacity. This initiative aims to harness Singapore's engineering talent and is part of Zoom's broader global expansion strategy. The R&D center will complement existing facilities in the US, India, and China, enhancing Zoom's engineering leadership. The investment aligns with Singapore's pro-business environment and aims to provide enhanced quality, security, and reliability for users in the Asia Pacific region.
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Zoom Video Communications reported a remarkable third quarter revenue of $777.2 million, reflecting a 367% year-over-year increase. The number of customers generating over $100,000 in revenue has surged by 136% to 1,289. The company also experienced a significant rise in customers with over 10 employees, totaling approximately 433,700, a 485% increase. For the full fiscal year 2021, Zoom anticipates revenues between $2.575 billion to $2.580 billion, which would represent a 314% year-over-year growth.
Zoom Video Communications head of sales operations, Hilary Headlee, was awarded the 2020 B2B Innovator Award for excellence in the category of Top B2B Technologists. Her leadership in adopting LeanData's lead-management solutions significantly contributed to Zoom's ability to swiftly respond to the surge in demand for its services amid the COVID-19 pandemic. Daily meeting participants skyrocketed from 10 million in December 2019 to 300 million by April 2020, showcasing Zoom's pivotal role in facilitating connectedness during this crisis.
Zoom Video Communications has been recognized as a Leader in Gartner's 2020 Magic Quadrant for both Meeting Solutions and Unified Communications as a Service (UCaaS). This marks Zoom's sixth appearance as a Leader in Meeting Solutions and its first in UCaaS. Gartner evaluated 15 companies for Meeting Solutions and 14 for UCaaS, considering factors such as ease of use and service reliability. Zoom's strengths include a robust feature set, security enhancements, and a commitment to customer satisfaction, reinforcing its position in the video communications market.
Zoom Video Communications (ZM) will announce its third-quarter fiscal results for 2021 on November 30, 2020, after market close. A live webinar will take place at 2:30 PM PT/5:30 PM ET, accessible via Zoom’s investor relations website. A replay will be available two hours post-event for one week. Founded in 2011, Zoom specializes in video-first unified communications, offering a platform for video meetings, voice calls, webinars, and chat. The company aims to enhance business experiences with app integrations and developer tools.
Zoom Video Communications has appointed Janet Napolitano to its Board of Directors effective November 2, 2020. A seasoned public servant, Napolitano has held roles as Attorney General of Arizona, Governor, and U.S. Secretary of Homeland Security. Her experience enriches Zoom's leadership, especially in education and government sectors, which are key customer bases for the company. CEO Eric Yuan expressed enthusiasm for her addition, citing her strong character and decision-making skills as valuable assets to the board.
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