Zoom profits top estimates, but growth is fading

Published

3 years ago

June 2, 2021

Ticker

Web conferencing platform, Zoom has reported a sales growth of 191 percent.

The first-quarter results show a revenue of $956.2 million, an increase from $382 million a year earlier.

The company says the onset of COVID-19, people working from home, and an optimisation of public-cloud resources led to the blowout figures.

Zoom has been particularly sensitive to pandemic news and trends, like when stocks fell dramatically last year when Pfizer announced the effectiveness of their vaccine.

Will Tesla’s supercharger layoffs eventually payoff?

Published

18 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

Shows

Is GenerativeAI transforming education?

Published

4 days ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

News

How AI is leveraging Amazon’s fast production

Published

5 days ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.