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.
Zoom Video Communications (ZM) provides a comprehensive news hub for tracking official announcements and market developments in cloud-based collaboration solutions. This resource aggregates press releases, regulatory filings, and third-party analysis related to Zoom's evolving position in the unified communications sector.
Investors and industry observers can monitor critical updates including quarterly earnings reports, product feature enhancements, and strategic partnerships. The curated collection serves as a reliable reference for understanding Zoom's innovation pipeline and competitive responses in video-first communication platforms.
Content highlights include technical advancements in AI-powered meeting tools, enterprise security updates, and adoption trends across education and healthcare verticals. All materials maintain chronological organization for efficient tracking of operational milestones.
Bookmark this page for streamlined access to Zoom's corporate communications and related market commentary. Combine with fundamental analysis tools for complete investment research workflows.
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.
Zoom Video Communications announced the launch of its new end-to-end encryption (E2EE) feature, now available in technical preview for users globally. This feature enhances privacy for meetings with up to 200 participants and utilizes 256-bit AES-GCM encryption. Notably, only meeting participants possess the encryption keys, ensuring that not even Zoom's servers can access meeting contents. The E2EE is currently available on Zoom desktop clients and Android apps, with iOS pending approval. Feedback is encouraged from users to refine the feature over the next 30 days.
MURAL has announced its integration with Zoom Video Communications, Inc. (ZM) during the Zoomtopia conference, enhancing remote collaboration capabilities for video meetings.
This new partnership allows Zoom users to access MURAL's visual collaboration tools directly within Zoom sessions, enabling effective participation even for those not using MURAL.
CEO Mariano Suarez-Battan emphasized that the integration supports productive remote meetings and workshops, adapting to the changing work environment
Zoom Video Communications (NASDAQ: ZM) unveiled major platform enhancements during Zoomtopia 2020, showcasing OnZoom, a unique event platform, and new end-to-end encryption features. These innovations aim to improve user experience and security while supporting remote work’s future. With over 3 trillion annual meeting minutes and participation from 125,000 schools during COVID-19, Zoom continues to meet rising demand. The company also committed over $1.5 million to educational and social initiatives, emphasizing its dedication to connectivity during the pandemic.
Zoom Video Communications, Inc. (NASDAQ: ZM) will hold a Financial Analyst Meeting on October 14, 2020, during its Zoomtopia customer event. The executive team will present Zoom's business strategy and initiatives. Interested participants can join via a live Zoom Video Webinar at 11:00 am PT / 2:00 pm ET through the investor relations website. A replay will be available approximately three hours post-event. Established in 2011, Zoom specializes in video communications and aims to enhance user experiences through innovative integrations and tools.
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