Zoom announces first-quarter revenue of over 35.6 billion yen, significantly increasing from the previous year due to the influence of the new coronavirus

The number of users of Zoom , a video conferencing tool, has increased significantly due to out-of-office restrictions accompanying the spread of the new coronavirus infection. The revenue report for the first quarter of the fiscal year 2021 from February 2020 to April 2020, which is also the period when the number of users surged, was released from Zoom, and sales increased by 169% year-on-year to about 328.2 million dollars (about (35,688,400,000 yen).

Zoom Reports First Quarter Results for Fiscal Year 2021-Zoom
https://investors.zoom.us/news-releases/news-release-details/zoom-reports-first-quarter-results-fiscal-year-2021

Zoom saw a huge increase in subscribers — and revenue — thanks to the pandemic-The Verge
https://www.theverge.com/2020/6/2/21277006/zoom-q1-2021-earnings-coronavirus-pandemic-work-from-home

Zoom (ZM) earnings Q1 2021
https://www.cnbc.com/2020/06/02/zoom-zm-earnings-q1-2021.html

Despite the increase in sales, operating expenses also increased by 208% year-on-year to about 201 million dollars (about 21,852.6 million yen) due to the increase of new users and the improvement of data centers due to the strengthening of security. Cost of sales increased by 330% year-on-year to $103.7 million (about 11,274.2 million yen), resulting in a gross profit margin of about 68.4%, down from about 80.2% of the previous year.

Also, since the stock price of Zoom was listed at $36 per share (about 3910 yen) in April 2019, it was around 68 dollars (about 7390 yen) at the beginning of 2020, and 208 dollars (about 2 yen) at the time of article creation. It soared to around 2600 yen).

Zoom has approximately 265,400 customers, a 354% increase over the previous year. Zoom has an enormous number of users, with more than 300 million people meeting each day, but we have not announced the number of users. As of May 27, 2020, Apptopia analysis estimates that Zoom's mobile apps have more than 173 million monthly active users.

'Our strategy is to provide one service no matter what device you use or what you do,' said Eric Yuan, CEO of Zoom. , Has no plans to provide new services.