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.
ABU DHABI – Abu Dhabi’s Crown Prince, de-facto ruler of the United Arab Emirates, said on Thursday the UAE and Israel had agreed to work towards establishing bilateral relations, and Israel had also agreed to halt further annexation of Palestinian territories. ‘During a call with President Trump and Prime Minister Netanyahu, and agreement was reached … Continue reading NEWS ALERT | UAE Confirms Agreement With Israel On Normalizing Relations
RIYADH | SAUDI ARABIA – A fake circular suggesting Saudi Arabia will resume international flights in October has been condemned as ‘completely baseless and fabricated’ by the General Authority of Civil Aviation (GACA). Rumors that international flights will shortly return have been circulating on social media in recent weeks without any official statement from GACA. … Continue reading TRAVEL ESSENTIALS | Notice setting date for Saudi International Flight ‘Is Bogus’
RIYADH | SAUDI ARABIA – Saudi Arabia King Salman bin Abdulaziz arrived in the NEOM economic zone on Wednesday for a period of rest and relaxation, according to state news agency SPA. The 84-year-old king had been released from hospital on July 30 after undergoing surgery to remove his gall bladder. In videos posted by … Continue reading NEWS | Saudi Arabia King Salman Arrives In NEOM For Rest And Relaxation: State News Agency