The popular video conferencing application Zoom has experienced growth again after a long period. The company exceeded expectations in profitability in the last quarter, achieving a 10% increase in value, especially due to the loyalty of its corporate customers. During this period, the company also repurchased $1.5 billion worth of its own shares, thus disproving predictions that it would be acquired by another organization. Here are all the details…
Zoom on the Path to Growth Again
However, over time, the company has ventured into different sectors such as call centers and AI-powered chat assistants, leading to a resurgence. CEO Eric Yuan stated in his remarks that they have set quality standards for customer experience and will embark on many new projects in the future.
Analysts who have determined that the company’s call centers will continue to grow until 2025 also noted that there could be a significant increase in shares if AI assistants continue to evolve. The company’s estimated revenue for the next year is set at $4.6 billion.
Zoom, which is expected to embark on new projects in the coming period, will continue to be discussed in the tech world. If the company can especially catch up with the AI trend, it could shake up the video conferencing sector. At the end of the day, we hope all these developments will be beneficial to users.
What do you think about this topic? Do you think Zoom’s strategy is correct? Which video conferencing application do you use? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
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