About: http://data.cimple.eu/news-article/9f89025f86f98e9c242305bd5a840c37a754af0669b2ac8996ffb1cb

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About: http://data.cimple.eu/news-article/9f89025f86f98e9c242305bd5a840c37a754af0669b2ac8996ffb1cb Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Zoom on Tuesday reported that its earnings soared as its video-meeting service became a popular way to work or socialize while hunkered down due to the pandemic. Zoom said it made a profit of $27 million on revenue that leapt 169 percent to slightly more than $328 million in the first three months of this year. In the first quarter last year, Zoom reported zero dollars per share in net income for stockholders. "The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom," founder and chief executive Eric Yuan said in a release. "Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives." Zoom shares that ended the formal trading day up nearly two percent, topping $200, climbed another three percent in after-market trades. The quarter ended with Zoom having approximately 265,400 paying customers with at least 10 employees each in an increase of 354 percent from the first quarter in 2019, according to the company based in the Silicon Valley city of San Jose. The earnings come with Zoom under pressure to deal with security and privacy as the platform faces scrutiny from rising usage. New York state's top prosecutor last month announced that Zoom would improve security measures, after flaws were detected as the video conferencing platform soared in popularity amid the coronavirus pandemic. The agreement ended an investigation launched in March by New York Attorney General Letitia James into vulnerabilities in the company's software. Zoom recently launched a philanthropic foundation with initial grants to San Jose Digital Inclusion Fund , Destination Home, the CDC Foundation , the World Health Organization and the CDE Foundation. gc/rl
schema:headline	Zoom earnings soar as video meets become pandemic norm
schema:mentions	Videotelephony Zoom Video Communications San Jose Earthquakes Letitia James Internet privacy Attorney General of New York Social norm World Health Organization City Centers for Disease Control and Prevention New York City Pandemic Severe acute respiratory syndrome coronavirus 2 Eric Yuan Net income Silicon Valley
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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