Zoom Expects Approximately $1.8 Million Sales This Year As Remote Work Gets Favored By Employers
Many companies had allowed their employees to bring home their work as the deadly COVID-19 continues to pose as a threat to the health of the public.
Video conferencing and other digital means of communication have been exhaustively used by many businesses to continue their operations as many lockdown orders had affected how work is done.
Zoom's Potentials
Since many employees who can bring their work home were given the go signal by their employers to work remotely, they have been using digital means to communicate with their workmates.
Zoom reported double sales in the first quarter of the year and had announced a forecast of growth in sales due to the increasing number of people working remotely due to the threats of the novel coronavirus, according to an article.
According to the article, Zoom reported an increase in sales of 169 percent compared to the previous year's records. It means that the coronavirus pandemic had opened up sales growth opportunities for the company.
However, this less-than-a-decade-old California-based company had had its downs as recently it had encountered security complaint issues. The company is in the process of resolving this issue to meet the increasing demand for its services as many companies are permitting their employees to work remotely.
Due to the foreseen potentials of the firm, many investors are deciding to put their trust in the business. Furthermore, the company's stocks in the market had been seeing positive changes and are continuing to increase is earning a good name in the stock market for investors.
The company is seeing billions of sales by the end of the year, amounting to more or less $1.8 billion.
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Companies Allowing Employees To Work Remotely
Large companies like Twitter, Facebook, and Google have been allowing the majority of their employees to work from home due to the risk of COVID-19 transmission.
Based on an article, Twitter had announced that their employees are given the option to work remotely for the company for the indefinite period. This announcement was made as the COVID-19 pandemic progresses and continue to spread at an unforeseen rate. They gave the go signal for employees to choose to work indefinitely at home due to the success of letting employees bring home their work.
On the other hand, an article speaks about a recent announcement of Google about permitting employees to work remotely for the rest of the year. However, those who are required to report to Google offices will be brought back to work in the office either June or July. Google will be implementing safety precautionary measures for these employees to keep them safe from the deadly novel coronavirus.
Furthermore, an article stated that Facebook had announced that their employees can work from home until the end of the year.
These announcements signify a new digital era for the workforce and the possibilities technology has to allow remote work for large companies.
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