Videoconferencing company Zoom’s Q2 revenue quadrupled, with a 355% year-on-year growth. Zoom CEO Eric Yuan said the use cases keep rolling in, and the service has been used for virtual jury trials, virtual property tours, and for providing mental health services. Going forward, Zoom hopes to see accelerating shifts from legacy PBX systems to cloud services like its own. This quarter, the company onboarded ExxonMobil and gaming company Activision Blizzard as enterprise customers. Zoom’s new customers drove growth, contributing to 81% of revenue in Q2. In total, Zoom has 370,000 customers with over 10 employees. International revenue grew 629% YoY and accounted for a third of Q2 revenue. Yuan said there are plans to dedicate a team to capture growth from international expansions. In response a query on structural changes in Zoom’s R&D effort, and if it was related to…
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