"As CEO, I should have done a better job", Yuan said on an earnings video call with analysts.
Created as a business communication tool almost a decade ago, Zoom's popularity exploded at the beginning of this year, as millions of people in lockdown began using it to host events ranging from birthday parties to religious events and even to cabinet meetings. Analysts on average expected revenue of US$935.2 million.
"The increase in customers with 10 or fewer employees also shifted our billing mix, as these customers generally pay monthly, rather than annually like most enterprise customers", said Zoom CFO Kelly Steckelberg. For the full year, the company gave revenue guidance in the range of $1.78 billion to $1.8 billion, which would be approximately 185% to 189% year-over-year growth. After a big run-up leading up to Tuesday's highly anticipated announcement, Zoom's stock gained almost 3% in extended trading to $213.60 - more than five times the company's initial public offering price of $36 less than 14 months ago.
Zoom's customer numbers were similarly sharp, with the firm reporting that it had 265,400 customers with more than 10 seats (employees) at the end of the quarter, which was up 354% from the year-ago period. Instead they "Zoom" whenever it's time for a face-to-face chat.
Still, Zoom can not afford to rest on its laurels, another analyst, Holger Mueller of Constellation Research Inc., told SiliconANGLE.
Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. "But for now congrats to Zoom for being a critical if not essential tool during the Covid-19 pandemic".
He acknowledged that when the pandemic crisis started, Zoom's own data centers could not scale fast enough to handle the unprecedented traffic. "As our demand increased and we had limited visibility into the growth, AWS was able to respond quickly by provisioning the majority of the new service we needed".
Zoom also relied on Oracle Corp. for more support during the quarter, Yuan said.
In operating metrics, it reported 769 customer contributed more than $100K in trailing-12-months revenue (up about 90% Y/Y), and a trailing-12-month net dollar expansion rate in customers with more than 10 employees over 130% for the eighth straight quarter.
However, the record quarterly and promising outlook are shadowed by a lower margin due to higher demand from free users. The company also aims to gain efficiencies and likely bring gross margins back to the mid-70% range in the next several quarters.
En Outre-Mer (Guadeloupe, Guyane, La Réunion, Martinique, Mayotte), on relève 110 hospitalisations , dont 20 en réanimation . Au total, 152 091 cas ont été confirmés en France depuis le 1er mars dernier, dont 338 de plus en 24 heures.
Cinq ans après son dernier passage sur le banc, au FC Bassin d'Arcachon, le Ballon d'Or 1991 va donc replonger dans le grand bain. Il aura l'objectif de faire monter le club en National " dès l'année prochaine ".
In a new CDC Morbidity and Mortality Weekly Report (MMWR ), members of the COVID-19 Response Team-led by Michelle A. Transmission might have begun as early as February 7th, or as late as February 19th.
For the general public, face masks are also associated with protection, even in non-health care settings, the researchers said. Pooled estimates from 44 comparative studies involving 25,697 participants were included in the meta-analysis.
More than 500 people were killed, washed away, buried in landslides, electrocuted or simply suffocated in their drowning cars. Although the exact location of the landfall is still not determined, it is likely to be close to Mumbai .
In South Australia , venues can have as much as 80 patrons supplied they're contained to teams of 20 in separate rooms or areas. Public attractions, such as Sydney's Taronga Zoo, art galleries, museums and libraries were also allowed to reopen.
The second people started wearing face masks with edgy, and creative, designs on them that major corporations would get involved. In the US , the CDC has recommended the use of face coverings especially in areas where it's hard to keep a safe distance.
Adam Silver says July 31 is a target date for NBA's return
The league's plans also include holding a 24-team playoff in two hub cities with games to begin when things are back to normal. According to ESPN , only one of the four scenarios - bringing back all 30 teams - is no longer being considered.
Elliott and Logano tangle late battling for Bristol win
For his part, Elliott said he was "just going for the win". "I just got loose and got into him". "I'll certainly take the blame". Keselowski, in a contract year with Team Penske, got his first victory of the season last Sunday in the Coca-Cola 600.
NSW Gyms Will Be Allowed To Open From June 13
Tattoo parlours and massage parlours have also been given the green light, with a maximum of ten customers at a time. Indoor pools, tattoo parlours, massage parlours and other indoor recreation venues will be allowed to fully reopen.
Anthony Lynn speaks out on George Floyd's death
He responds by saying he's talking now in hopes that he doesn't have to have the exact same conversation 20 years down the line. I was surprised by the number of people who didn't know why he was protesting.
NBA Hall of Famer Wes Unseld dies at 74
As a player, Unseld seemed to have been chiseled from a block of granite, with a stoic demeanor and an iron resolve to win. Unseld is survived by his son, daughter, daughter-in-law, grandchildren and wife of 50 years, Connie .