When the company finished its fiscal 2020 with revenues of $623 million and net profit of $ 22 million and the following fiscal year which ended this January 31, the revenues skyrocket to $2.6 billion with a net profit of $671, which must be some amazing tailwind! That growth will be hard to repeat. Still, Zoom is moving ahead to secure its business does not decrease when we go back to our offices, or at least when we shift to hybrid work.
Acquisition Of Five9
Five9's call center processes over 7 billion minutes of calls per year. This will provide additional support to Zoom's phone business and enable Zoom to enter a contact center market worth $24 billion. The popularity of cloud-based contact centers has been rising over the past years, and it was additionally accelerated during the pandemic, as it allows the staff to work remotely. The deal is expected to close in the first half of 2022 for $ 14.7 billion.
Market & Outlook
The post Zoom plans to continue growing after the pandemic appeared first on IAM Newswire.
Image by Luisella Planeta Leoni from Pixabay
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
