Quarterly revenue of Zoom worldwide 2019-2022 This defies forecasts made during the initial phases of the pandemic, when analysts expected a drop of anywhere from 1.6 to 11.5 percent in the shipments of personal computing devices. Following an initial dip caused by supply chain disruptions, increased demand, especially in the education and business sectors, saw PC shipments return to growth. In a recent survey of 1,428 CIOs and IT leaders across 83 countries, 94 percent of respondents said they expect at least some of their workforce to WFH post-COVID-19.Īs well as increases in software and services that enable WFH, physical hardware has also seen an increase in sales, likely due to workers setting up offices at home. Services such as Zoom are certain to see a reduction in user numbers when the pandemic is brought under control, but usage is unlikely to return to pre-pandemic levels. Web conferencing software is experiencing an increase in spending as a result, with 67 percent of respondents planning to increase their spending in this area.

The company has really cashed in on the opportunity provided by the pandemic and has grown its business trememdously.Ī recent survey showed that in companies with digital output, 75 percent of respondents work either entirely in a work-from-home (WFH) setting, or in a hybrid arrangement. Despite the fall from grace on the stock market, Zoom's business is more robust than ever, both in terms of revenue and income. Since then the share price has stumbled downwards, landing on 149.6 U.S. While the price has increased steadily throughout 2020, a positive announcement regarding the efficiency of a COVID-19 vaccine made on November 9, 2020, resulted in Zoom’s share price falling from 500.11 U.S. Tracing the share price of Zoom – a prominent video communications service – shows how central web conferencing has become to keeping people in contact throughout the pandemic. An increase in working from home (WFH) and social distancing has made face-to-face contact with relatives, friends, and colleagues harder.

The outbreak of the coronavirus (COVD-19) pandemic has changed the way many people communicate, personally and professionally.

Zoom stock price history 2019