Popular video conferencing application Zoom has experienced growth again after a long time. The company increased its profitability above expectations in the last quarter and experienced a 10% increase in value, especially thanks to the loyalty of its corporate customers. In this process, the company purchased a portion of its own shares worth $1.5 billion, thus proving wrong the predictions that it would be acquired by another organization. Here are all the details…
Zoom is on the path to growth again
Zoom, which experienced tremendous growth during the Covid pandemic as people were confined to their homes, started to shrink after this period and suffered losses due to the competition with Microsoft’s Teams application.
However, the company, which has entered different sectors such as call centers and artificial intelligence chat assistants over time, seems to be on the rise again. CEO Eric Yuan said in his statement on the subject that they have set the quality standard for customer experience and that they will undertake many new projects in the future.
Analysts determined that the company’s call centers will continue to grow until 2025 and noted that there may be a significant increase in the shares if artificial intelligence assistants also develop. The company’s estimated turnover for next year is determined as 4.6 billion dollars.
Zoom, which is curious about what new projects it will undertake in the coming period, seems to continue to be talked about in the technology world. If the company can catch up with the artificial intelligence trend, it can change the video conferencing industry. At the end of the day, we hope all these developments benefit users.
The awaited feature for Microsoft Teams is coming!
Microsoft Teams gets a new feature! Thanks to the ability to mute public channels, a better user experience will be provided.
So what do you think about this issue? 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.