Zoom reported a sharp increase in profit

The net profit of the American company Zoom in the second quarter of 2020 amounted to $185.7 million. This was reported by CNN Business with reference to the financial statements of the company. In annualized terms, Zoom's net profit in the second quarter of this year increased by almost 3300%. Zoom's revenue in the second quarter of 2020 was $663.5 million, which is 355% more than in the same period of 2019 year. Against the background of good financial performance, Zoom also revised its forecast for expected annual revenue, raising it to $2.37 2.39 billion. Earlier, Zoom expected that the company's revenue in 2020 will be from $1.775 to 1.8 billion. The popularity of the eponymous video communication service of Zoom began to grow sharply in 2020 due to the pandemic of a new coronavirus infection. Zoom CEO Eric Yuan said that by the end of July, the company had about 370 thousand corporate clients. As previously reported by the news agency, in June, the founder of Zoom, Eric Yuan, promised that the end-to-end encryption function will be available for all users of the Zoom service for free.

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