BUSINESS NEWS | Zoom Doubles Full-Year Revenue Forecast On Remote – Work Boost

NEW YORK | Zoom Video Communication Inc. nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to coronavirus – driven lockdown measures globally.

However, the latest quarterly reported shows the issue had little impact on its numbers. The company said it now had about 265,400 customers with more than 10 employees, a near four-fold increase from a year earlier.

Zoom also reported first-quarter revenue of $328.2 million, beating analysts’ estimates of $200.7 milion, according to IBES data from Refinitiv.

The company raised its full-year revenue forecast to a range of $1,78 billion to $ 1.80 billion from  $935.2 million.


Brazil Study Suggests AstraZeneca Vaccine Is Effective Against Brazil COVID-19 Variant

Preliminary studies suggest the AstraZenca vaccine will protect against the P1 variant of the coronavirus, Mauricio Zuma, the head of production at Brazil’s Fiocruz biomedical institute said on Monday, confirming a Reuters report on Friday. The Brazil variant is worrying experts because it is highly contagious and has led several countries to ban travel from … More Brazil Study Suggests AstraZeneca Vaccine Is Effective Against Brazil COVID-19 Variant

Jordan’s King Abdullah II Received in Riyadh By Crown Prince Mohammed bin Salman

Saudi Arabia’s Crown Prince Mohammed bin Salman held a meeting with King Abdullah II of Jordan in the capital Riyadh on Monday, Saudi Press Agency (SPA) reported. During the meeting they reviewed relations between the two countries, aspects of joint cooperation in various fields and promising opportunities to further develop then in a way that … More Jordan’s King Abdullah II Received in Riyadh By Crown Prince Mohammed bin Salman


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