Zoom's revenue soars 367% but lower gross margins worry investors - Business Insider

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Zoom's revenue skyrocketed up 367%, but its CFO says free users and increased cloud spending are eating into its gross margins

And later on Monday afternoon, Amazon Web Services announced that it was now Zoom's "preferred cloud provider," signalling closer collaboration between the two companies.

Zoom has previously faced questions about how it plans to monetize its free users, or otherwise convert them to paid users. It recently launched a. Through the end of 2020 there is no additional fee to try out the OnZoom events platform, but Zoom says that it plans to revisit the possibility of taking a cut of ticket sales next year.

"Our higher outlook for FY21 is based on our current perspective of the business environment," Steckelberg said. "Although we remain optimistic on Zoom's outlook, please note that the impact and extent of the COVID-19 pandemic and its associated economic concerns remain largely unknown."

 

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So glad the military quit using this communist program.

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