If you think any company isn’t doing well nowadays in this pandemic then you are wrong because Zoom is not on them, they have generated many sales than the rest of the year. Due to self-isolation, this video-conferencing company has skyrocketed its sales. And now, its earning are going to be seen in grand fashion. On the day of Monday, this company surpassed its own projected second-quarter sales, with the great revenue up by 355 percent from the same period last year they had. In three months May, Jun, and July, Zoom got $663 million in sales, if we compare this to the total of last year they only earned $622 million, and in 2020 only in 3 months, they skyrocketed there earning as described before.
Now let’s get to stock, on Monday night, Zoom stock soared 23 percent with earnings of 0.92$ a share(up from the planned 0.45$ a share). The CEO Eric Yuan says that part of Q2’s gains were thanks to big new customers like Exxon Mobile and Activision Blizzard. He stated this in a call with analysts.