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Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
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Zoom to Lay Off 1,300 Workers as Firm Cuts 15 Percent of Workforce Amid Slowing Demand
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
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Zoom Annual Revenue Forecast Lowered Amid Decline in Online Business, Rising Inflation
Zoom on Monday stated that it had cut its annual revenue forecast amid a decline in online business. The company's CFO Kelly Steckelberg said that Zoom's online business would decline nearly 8 percent during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time o...
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Zomato Shares Zoom Over 18.5% After Q4 Earnings
Shares of Zomato surged more than 18.5 per cent on Tuesday after the company posted a 75.01 per cent increase in revenue from operations for the March quarter, as new customers pushed order volumes higher.
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"Pandemic Darling" Zoom Reports Slowest Quarterly Revenue Growth
Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading.
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Zoom Posts Slow Q3 Revenue Growth Due to Ease in Demand for Video-Conferencing Tools
Zoom’s third-quarter revenue growth rate slowed to 35 percent as demand for its video-conferencing tools eased from the pandemic-fuelled heights last year.
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ONGC Net Profit Zooms 565% To Rs 18,348 Crore In September Quarter
ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.
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Zoom Q2 Earnings Exceed Expectations But Growth Forecast Disappoints Investors
Zoom Q2 earnings report marks its first billion-dollar revenue quarter, but the company signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, which sent its shares tumbling 11 percent.
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GAIL India's Net Profit Zooms 235% To Rs 2,157 Crore In June Quarter
GAIL India Q1 Results: The state-run organisation's revenue from operations stood at Rs 17,588.64 crore, compared to Rs 12,183.23 crore in the same quarter last year, marking a growth of 44 per cent year-on-year.
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Godawari Power Zooms Over 4% On Jump In March Quarter Profit
Godawari Power posted a net profit of Rs 304.01 crore in the quarter ended March 21 as against Rs 34.22 crore in the year-ago period, mainly on the back of higher revenues
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Barbeque Nation Zooms After Revenue Jumps 19% To Rs 226 Crore In March Quarter
Barbeque Nation Share Price: Barbeque Nation opened on the BSE at Rs 659, swinging to an intra day high of Rs 767.50 and an intra day low of Rs 650.75, throughout the session.
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Zoom Subscriber Growth Slows as People Return to Classrooms and Offices, Posts Big Quarter Nevertheless
Zoom’s astronomical growth is tapering off along with the pandemic, raising questions about whether the video-conferencing service’s immense popularity will fade as more people return to classrooms, offices, and other places that have been off limits for the past year.
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Apple Touts $1.8 Billion in Holiday Sales at App Store
Apple said a dizzying $1.8 billion (roughly Rs. 13,160 crores) was spent on digital goods and services at its App Store between Christmas Eve and the end of December.
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Zoom to Lift 40-Minute Meeting Limit for Hanukkah, Christmas, and New Year for Free Accounts
Zoom has announced that it will lift the 40-minute meeting limit for free accounts for Hanukkah, Christmas, and New Year. The limit will be lifted automatically from December 17 at 10am ET (8.30pm IST) to December 19 6am ET (4.30pm IST), which covers the last few days of Hanukkah.
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In Just A Few Hours, Zoom CEO Became $4 Billion Richer
Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue
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Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
-
Zoom to Lay Off 1,300 Workers as Firm Cuts 15 Percent of Workforce Amid Slowing Demand
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
-
Zoom Annual Revenue Forecast Lowered Amid Decline in Online Business, Rising Inflation
Zoom on Monday stated that it had cut its annual revenue forecast amid a decline in online business. The company's CFO Kelly Steckelberg said that Zoom's online business would decline nearly 8 percent during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time o...
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Zomato Shares Zoom Over 18.5% After Q4 Earnings
Shares of Zomato surged more than 18.5 per cent on Tuesday after the company posted a 75.01 per cent increase in revenue from operations for the March quarter, as new customers pushed order volumes higher.
-
"Pandemic Darling" Zoom Reports Slowest Quarterly Revenue Growth
Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading.
-
Zoom Posts Slow Q3 Revenue Growth Due to Ease in Demand for Video-Conferencing Tools
Zoom’s third-quarter revenue growth rate slowed to 35 percent as demand for its video-conferencing tools eased from the pandemic-fuelled heights last year.
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ONGC Net Profit Zooms 565% To Rs 18,348 Crore In September Quarter
ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.
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Zoom Q2 Earnings Exceed Expectations But Growth Forecast Disappoints Investors
Zoom Q2 earnings report marks its first billion-dollar revenue quarter, but the company signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, which sent its shares tumbling 11 percent.
-
GAIL India's Net Profit Zooms 235% To Rs 2,157 Crore In June Quarter
GAIL India Q1 Results: The state-run organisation's revenue from operations stood at Rs 17,588.64 crore, compared to Rs 12,183.23 crore in the same quarter last year, marking a growth of 44 per cent year-on-year.
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Godawari Power Zooms Over 4% On Jump In March Quarter Profit
Godawari Power posted a net profit of Rs 304.01 crore in the quarter ended March 21 as against Rs 34.22 crore in the year-ago period, mainly on the back of higher revenues
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Barbeque Nation Zooms After Revenue Jumps 19% To Rs 226 Crore In March Quarter
Barbeque Nation Share Price: Barbeque Nation opened on the BSE at Rs 659, swinging to an intra day high of Rs 767.50 and an intra day low of Rs 650.75, throughout the session.
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Zoom Subscriber Growth Slows as People Return to Classrooms and Offices, Posts Big Quarter Nevertheless
Zoom’s astronomical growth is tapering off along with the pandemic, raising questions about whether the video-conferencing service’s immense popularity will fade as more people return to classrooms, offices, and other places that have been off limits for the past year.
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Apple Touts $1.8 Billion in Holiday Sales at App Store
Apple said a dizzying $1.8 billion (roughly Rs. 13,160 crores) was spent on digital goods and services at its App Store between Christmas Eve and the end of December.
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Zoom to Lift 40-Minute Meeting Limit for Hanukkah, Christmas, and New Year for Free Accounts
Zoom has announced that it will lift the 40-minute meeting limit for free accounts for Hanukkah, Christmas, and New Year. The limit will be lifted automatically from December 17 at 10am ET (8.30pm IST) to December 19 6am ET (4.30pm IST), which covers the last few days of Hanukkah.
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In Just A Few Hours, Zoom CEO Became $4 Billion Richer
Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue
