Zoom Video Communications Inc (ZM)

Zoom Video Communications Inc (ZM)

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Zoom Video Communications Inc Profile

Zoom Video Communications Inc (ZM.xnas) is an American freemium communications technology company headquartered in California, the United States. It provides video and online chat services through a cloud-based software platform. ZOOMVIDEOCOMMUNICATIONS is used for teleconferencing, telecommuting, distance education such as webinars, and social relations. The chinese-owned American company employs 4,422 people and operates mostly from China providing telecommunication solutions to 467,100 business customers. In May 2013 ZOOM had 1M users while in April 2020, ZOOM announced that its daily users have ballooned to more than 200M due to pandemics. Zoom Video Communications Inc (ZM.xnas) is traded on the New York Stock Exchange (NYSE) Class A and as a NASDAQ-100 constituent. The company has $82.25B (USD) market cap and $2.7B (USD) in revenue, as of 2021. In June 2021, Zoom acquired Kites, an artificial intelligence (AI) language translation software aiming to reduce language barriers in video calls.

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