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) has partnered with the United States Tennis Association (USTA) to enhance the virtual experience during the US Open Tennis Championships from August 31 to September 13, 2020. This collaboration includes two exclusive VIP virtual hospitality events featuring interactions with tennis legends and culinary tutorials. Additionally, a celebrity-hosted fundraising gala will support the USTA Foundation's 'Rally To Rebuild' campaign, honoring healthcare workers through a virtual interview series. This innovative approach highlights Zoom's commitment to engaging customers through virtual platforms.
On August 25, 2020, Zoom Video Communications (NASDAQ: ZM) announced a partnership with Cardinal Health, involving over 17,000 users who will utilize Zoom's unified communications platform. This move aims to enhance workflow and team connectivity across 46 countries. Cardinal Health selected Zoom for its reliability and quality of service, allowing for improved collaboration and modern workplace experiences. The partnership highlights the increasing importance of video communications in the healthcare sector.
Zoom Video Communications (NASDAQ: ZM) is expanding its Zoom for Home service to popular smart displays including Amazon Echo Show, Portal from Facebook, and Google Nest Hub Max. This move is aimed at enhancing remote work capabilities as a recent study indicates a significant increase in remote work preferences. Zoom on Portal will be available in September, while the other devices will see availability by year-end. Features include calendar integration and high-definition video calls, designed to facilitate both personal and professional connections.
Zoom Video Communications (NASDAQ: ZM) has announced the general availability of its Zoom Phone service in 25 additional countries, expanding its local telephone service to over 40 regions worldwide. The new Global Select plan allows businesses to simplify communications with a single pricing structure. The Zoom Phone Pro plan starts at $8 per user per month. This expansion aims to help companies transition from legacy systems to a unified communications platform, enhancing global telephony performance and customer experience.
Zoom Video Communications, Inc. (NASDAQ: ZM) is set to announce its second-quarter fiscal year 2021 results on August 31, 2020, after market close. A live webinar will begin at 2:30 pm PT / 5:30 pm ET, accessible via Zoom’s investor website. The replay will be available for a week afterward. Founded in 2011, Zoom specializes in video-first communication solutions that enhance collaboration through integrated tools for businesses.
Zoom Video Communications (NASDAQ: ZM) announced that Cole, Scott & Kissane (CSK), Florida's largest law firm, has adopted its video-first platform. CSK credits Zoom for its ability to navigate the COVID-19 pandemic without layoffs or pay cuts. The firm has utilized Zoom for daily legal proceedings, including the first Zoom oral argument in Florida and its first virtual jury trial. CSK's CIO highlighted Zoom's robust security and user-friendly design as critical for business continuity during uncertain times. Zoom's platform has enabled CSK to continue hiring and maintain client engagement through webinars.
Zoom Video Communications (NASDAQ: ZM) is expanding in India with a new technology center in Bangalore, aimed at hiring key talent over the next few years. This move follows a striking 6700% growth in free user sign-ups in India from January to April 2020. The Bangalore center will enhance Zoom's R&D capabilities and further support its engineering leadership. Eric S. Yuan, CEO, emphasized India's strategic importance and the company’s commitment to offer services to over 2,300 educational institutions during the pandemic.
Zoom Video Communications (NASDAQ: ZM) has partnered with Formula 1 to launch the Virtual Paddock Club Experience, enhancing fan engagement during the 2020 racing season. This innovative approach aims to offer hospitality experiences amidst pandemic restrictions, allowing guests to connect remotely. Over 300 million daily meeting participants used Zoom's platform in April 2020, marking a record for the company. Formula 1 plans to expand this virtual hospitality model for its global partners and teams, providing unique opportunities despite ongoing challenges in live sports.
Zoom Video Communications (NASDAQ: ZM) introduced Zoom for Home, a new software and hardware category aimed at enhancing remote work experiences. This initiative responds to a growing demand for flexible work arrangements, as 81% of respondents in an IBM study prefer to work remotely at least part-time. The Zoom for Home - DTEN ME device features a 27-inch screen, three cameras, and an 8-microphone array, designed for seamless integration with Zoom services. Priced at $599, it's available for pre-order, with shipments expected in August 2020.
On June 30, 2020, Zoom Video Communications (NASDAQ: ZM) announced a five-year strategic partnership with Claflin University, involving a $1.2 million investment focused on educational initiatives. Key components include paid internships, merit-based scholarships, and collaborative curricula development. Zoom COO, Aparna Bawa, will join Claflin's Board of Trustees, aiming to enhance technology access and career development for students. Commentators highlighted the partnership as a model for corporate engagement with minority-serving institutions, emphasizing mutual benefits for students and the company.
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