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.


NEWS ALERT | UAE Confirms Agreement With Israel On Normalizing Relations

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

TRAVEL ESSENTIALS | Notice setting date for Saudi International Flight ‘Is Bogus’

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’

NEWS | Saudi Arabia King Salman Arrives In NEOM For Rest And Relaxation: State News Agency

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s