Tuesday, July 23, 2024

This Blog Will Show You About The New Advanced Innovation In Thailand

Thailand, the special night location for the...

Who Called Me 02045996873?

Presentation: In a world loaded up with computerized...

WhatsApp Number 0131 561 4532: Unmasking the Mystery

The conundrum of WhatsApp number 0131 561...

Zoom optimistic about growth in Asia Pacific despite weaker outlook

TechnologyZoom optimistic about growth in Asia Pacific despite weaker outlook


Zoom sees 'strong growth' across APAC region despite weaker outlook

Zoom is “doubling down” on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company on Friday. 

There’s “lots of activity happening in Asia, across all of APAC. We made a strong commitment about two years ago to really turn on the speed and step on the gas,” Abe Smith, Zoom’s head of international, told “Squawk Box Asia.”

“Whether it’s here in Singapore, where we have a full data center … [or] in India, an effort forward with a R&D center in both Chennai and Bangalore.” 

That’s in spite of headwinds the company has been facing in the post-pandemic era as more people return to the office and business trips resume. 

Shares of Zoom fell about 45% in the past year.

Stock Chart IconStock chart icon

hide content

Zoom CFO Kelly Steckelberg: We are very much pleased with our Q1 results

However, Smith said Zoom is “extremely optimistic” about the growth of its phone product in Asia Pacific.

Zoom’s cloud based phone solution — which offers services like unlimited domestic calls, SMS messaging and call recording — now makes up 10% of its revenue, he added.  

“That product grew over 100% year over year, it represents more than five and a half million seats today,” said Smith.

“We’re going to deliver a limitless human connection … across a myriad of products … that allow people to connect and communicate with flexibility and by choice.” 

Zoom’s A.I. push 

A.I. bringing earnings stability and acceleration to tech, says BMO's Brian Belski

The company also recently announced its expansion of Zoom IQ, an AI feature that summarizes chat threads and whiteboard sessions.

“AI is who we are … the intelligence in the platform has always existed from day one,” Smith added. 

See also  Softbank sues social media startup IRL, alleging fake user numbers

“If you’re experiencing a Zoom meeting and use something as simple as a virtual background, you’re experiencing AI. If at a meeting, you want to suppress that barking dog, [using] noise suppression in the background, that’s AI.” 


Source link

Check out our other content

Check out other tags:

Most Popular Articles