Zoom CEO Eric Yuan said that he expects the coronavirus outbreak to show companies that remote working is the future, and it will "dramatically change the landscape."
"We have definitely seen an uptick in usage, but a lot of that is on the free side, so it's very early to tell whether or not that's going to convert long term into paying customers," CFO Kelly Steckelberg said.Click here for more BI Prime storiesZoom CEO Eric Yuan said that he expects the coronavirus outbreak to change the landscape for videoconferencing tools, as more companies start to have employees work remotely in a bid to stem the spread of the virus.
However, Yuan said that even before coronavirus started driving more remote work, it was a trend that was already gaining popularity, especially in Silicon Valley. Companies like Zapier and GitLab have all-remote workforces, something many see as one way work will change in the future. "We have definitely seen an uptick in usage, but a lot of that is on the free side, so it's very early to tell whether or not that's going to convert long term into paying customers," Steckelberg said.
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Wish I invested
kathrynacullen Pity it takes so much drama to get people to make common sense choices.
Good.
kathrynacullen true. i’m a teacher and we’re training now to move our classes to office 365 teams
👍
good it's about time
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Stocks making the biggest moves after hours: American Eagle, Zoom, Marvell and moreStocks making the biggest moves after hours: American Eagle, Zoom, Marvell & more
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Clorox, Netflix and Zoom see stocks rise alongside coronavirus fearsWhile the outbreak of the novel coronavirus has overall wreaked havoc on the global economy, it has caused stock for a handful of companies to rise sharply. Never let a hoax go to waste! Thank the media for that Mfer. And I put all my money into Corona beer thinking people would want to drink their fears away.... I gotta get a new financial advisor
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