The teleconferencing company made $27m in the first quarter and expects sales to double despite security and privacy fears
The teleconferencing company Zoom has seen a massive increase in profits and has doubled its annual sales forecast, driven by a surge in users as more people work from home and connect with friends online during the coronavirus crisis.
The once-obscure Zoom Video Communications, which has rapidly emerged as the latest Silicon Valley gold mine, released financial results on Tuesday showing the astronomical growth that has turned it into a stock market star.
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