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Zoom's Profit Boosts 169 Percent in Q1 2020 Thanks to the COVID-19 Pagebluk

JAKARTA – Zoom Video Communication Inc. released its performance achievements in the first quarter of 2020. The application used for video conference or meeting virtually, it experienced a 169 percent increase in revenue, compared to the achievement in the first quarter of last year. Quoted from CNBC , Wednesday, June 3, Zoom generated revenue of US $ 328.2 million or the equivalent of Rp4.5 trillion (exchange rate of Rp.14,000 per US dollar) in the first quarter of 2020. With this achievement, Zoom also nearly doubled its revenue target for this year. , from US $ 1.78 billion to US $ 1.80 billion. The event of COVID-19 is indeed a blessing for Zoom. Work from home and stay at home allows people to use this application almost every day both for work or just greeting friends and family. Needham & Company senior analyst, Richard Valera said this had never happened in his 20 years analyzing the world of technology. This, according to him, was an extraordinary result. Also rea...