According to a Pew Research report, before the pandemic, only one in five workers who said their job responsibilities could mainly be done from home worked from home all or most of the time. Workers and students are expected to return to their physical spaces in the near future as vaccine supplies grow and the spread of the virus slows, a prospect that has worried some Zoom investors.īut there are signs that the coronavirus may have a lasting impact on office life. In the first three months of this year, the company said, it expected to generate revenues of between $900m and $905m, well above analysts’ estimates.
Zoom expects the shift to continue well into 2021. While many now speak of Zoom fatigue, the coronavirus is continuing to spread and traditional office life is still on hold for many. The nine-year-old company has become synonymous with video conferencing during the pandemic. Our ability to rapidly respond and execute drove strong financial results throughout the year,” said Eric Yuan, founder and CEO of Zoom. “We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment.
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