In the second quarter, Zoom increased its revenue by 355% YoY, its profits grew 34 times and the number of active users grew 57 times. According to company representatives, the number of corporate clients, bringing in at least $ 100,000 per year, doubled over the year, reaching 988. Giants such as Exxon and Activision use the Zoom service in their daily activities, like many other companies in self-isolation.

The publication of the quarterly report of Zoom caused the share price to rise by 41%, the company’s capitalization in just one day increased by $ 37 billion, reaching $ 129 billion. Now this company is among the twenty most valuable in the United States if we talk about the technology sector. In its category, Zoom outperforms IBM and AMD in terms of capitalization, although the latter has been growing at a steady pace for many months in a row. It is not for nothing that Zoom is considered one of the main beneficiaries of the pandemic: the forced transition to remote communication methods has caused a sharp increase in demand for the company’s services.