Eric Yuan

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Zoom has use the app a lot, to stay In Touch With Friends , family and work colleagues

, If it lived to the growth-rate, video-conferencing company Zoom has up to his name.

With the registry software of the 30-fold jumped in April, as the Corona Virus to be pandemic, to work, millions, learn, and socialize at a distance.

At its peak, The Company , the participants in virtual conferences counts More Than 300 millions a day, while paying customers have More Than tripled.

The dramatic recording has the potential, The Company is gone.

"Zoom " and said it expected sales as high as $1. 8bn (pounds 1. 4bn) this Year - about double what it forecast in March.

"It's a huge opportunity," chief executive Eric Yuan told investors on Tuesday.

Like Zoom has to start?

Mr. Yuan did not intend to create a Zoom for the masses.

"Zoom " has made Eric Yuan , whose visa was rejected the request for the USA started eight times, a billionaire

A Chinese-born Software Engineer who Mr Yuan, The Company in 2011, After years of rising through the ranks, to WebEx, one of The First US-video-conference company, which was bought by Cisco in 2007 for $3. 2 billion

At The Time , he had to be out the a doubt: many investors see The Need for another option in a market already dominated by large players such as Microsoft and Cisco.

But Mr. Yuan - who has credited his interest in video conferencing, the long distance he had to travel to be with his Now -wife in her Youth was frustrated at Cisco, and believed there was demand in The Business world, software works on cell phones and easier to use.

When The Company sold its first shares to The Public in the Last Year , it was worth $15. 9bn. Shot to More Than $58bn on Tuesday.

"What did Zoom , is a kind of democratized video conferencing for all types of businesses and made it very easy for everyone, from yoga teachers, to the Pension managers to deploy video," says Alex Smith , senior director at Canalys.

If the lock began to have, Zoom , raised the limits for The Free version of its software in China and to educators in many countries, including the UK, to help drive its popularity.

But The Company 's bread-and-butter customers are commercial customers, who pay for subscriptions and advanced features.

"Zoom " - said on Tuesday that sales increased by 169% Year -over-Year in the three months to 30 April to $328. 2m as it has More Than 180,000 customers with More Than 10 employees since January - Far More Than expected.

It turned a profit of $27m in the quarter - More Than in any previous fiscal Year .

reputational hit

The massive uptake has also strained to force The Company to invest, the capacity to expand to meet the needs of new users, many of whom are not paying customers.

His reputation also took a hit, as the new attention hackers prompted to hijack sessions, and a variety of security vulnerabilities are exposed, revealing that The Company had sent user data to Facebook, had wrongly asserted that the app had end-to-to track end to end encryption and therefore the meeting organizer to the participants.

It is also due to the political control of the relations with China , where it has More Than 700 employees, including most of its product-Team -development - what have prompted warnings that it is not suitable for government use.

In April, Mr Yuan, who is an American citizen, apologized for the security lapse and The Company started a series of changes intended to correct the problems. Zoom has also announced a series of new appointments, familiar with Washington politics, including H R McMaster, a retired army general and former National Security adviser to Donald Trump .

"the Navigation has been said, this process is a humbling experience of learning," Mr Yuan, not to mention an investor, on Tuesday.

analysts said they expected The Company would be blows to overcome this Reputation.

"It's had that glitch and the fact that her name is still very much used verbatim with video-technology, still there is a lot of momentum and opportunity," said Smith.

analysts say they expect to maintain that Zoom , its focus on business customers, because that's how it makes money.

But the pandemic is likely to be More of a challenge to Zoom in this market, because of increased demand for remote work calls for competitors such as Microsoft and Cisco to pour resources into The Field .

"The stakes are higher and The Competition is getting harder, so we'll see," said Ryan Koontz, Managing Director of Rosenblatt Securities.

"were you on a very strong trajectory. and happened to be in The Right place at The Right time when the whole world decided we needed to communicate, as well as on video," he says. "You have this amazing Brand . Now you have to use, is that Brand and find out what markets you go After . "

coronavirus lockdown measures, coronavirus pandemic, companies, video calling

Source of news: bbc.com