Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Zoom plans a move into email and digital calendars

by September 15, 2022
September 15, 2022
Zoom plans a move into email and digital calendars

Zoom is set to diversify into email and digital calendars in an attempt to challenge larger rivals that have sought to dent the video conferencing group’s ubiquity for remote workers.

As competitors build up their own video chat services, Zoom is working to broaden its offering. Both Google and Microsoft offer users a suite of online tools, including email and diary services, as well conferencing platforms.

Zoom could announce the expansion as soon as November, according to The Information, a technology news website, which cited a source with knowledge of the plans and reported that the new services — dubbed “Zmail” and “Zcal” by some staff within Zoom — had been in development for almost two years. The company did not respond to a request for comment.

Zoom Video Communications, founded in 2011 and based in San Jose, California, runs one of the world’s biggest video conferencing software platforms. Demand for Zoom surged at the onset of the pandemic, when daily users surged from ten million in December 2019 to 300 million in 2020.

While its shares rose rapidly after the introduction of Covid-19 lockdowns and the widespread prevalence of remote working for previously office-based companies across the world, they fell back sharply as restrictions were eased and vaccines were distributed.

Shares in Zoom closed up 0.9 per cent, or $0.73, at $79.59 in New York last night. They finished February 2020 at $105 and peaked at $568.34 in October 2020. It is valued at almost $24 billion on the stock market.

As employers sought to encourage office staff back to their desks, executives at Zoom have tried to preserve the platform’s relevance. While the pandemic magnified its brand, use of the company’s services has dropped. Facing competition from Teams and Slack, acquired by Salesforce in a $27.7 billion deal last summer, Zoom has been building up its chat and meeting scheduling services. Last month Zoom cut its annual profit and revenue guidance and forecast that its online business would decline by between 7 per cent and 8 per cent.

Kelly Steckelberg, 53, chief financial officer, said: “Zoom remains focused on building out our platform, leading in the hybrid work world, enhancing the customer experience and expanding into more and more business workflows. We will continue to make strategic moves to drive future growth.”

Read more:
Zoom plans a move into email and digital calendars

0
FacebookTwitterGoogle +Pinterest
previous post
John Lewis suffers first half loss of £99m as inflation hits trade
next post
The Best Technologies To Help You Make Your Home Safer In 2022

You may also like

Why Your Business Should Invest in Inbound and...

August 22, 2024

Head of International Monetary Fund warns of increased...

March 27, 2023

Lifelong Learning Culture at Work: The Role of...

June 11, 2024

Tesco to Revamp Clubcard Branding Following Loss to...

March 19, 2024

UK economy posts surprise growth at end of...

February 17, 2025

Growing a Faceless Video Channel on Instagram: How...

August 12, 2024

Vivienne Westwood fashion house under scrutiny over homophobic...

February 17, 2025

City fears Kwarteng’s tax cuts will be be...

September 28, 2022

Newcleo to raise £900m to build fleet of...

March 20, 2023

The ultimate guide to finding the best bingo...

January 4, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s ‘big, beautiful bill’ faces Republican family feud as Senate reveals its final text

      June 28, 2025
    • Senate shuts down Kaine’s attempt to check Trump’s war powers

      June 28, 2025
    • 3 Stock Setups for the Second Half of 2025

      June 28, 2025
    • Trump touts administration’s progress on peace deals, says world leaders ‘respect our country again’

      June 27, 2025
    • Venezuelan opposition member details harrowing 400-day captivity at UN

      June 27, 2025
    • Anxious Republicans turn to Trump amid divisions over ‘big, beautiful bill’

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,843)
    • Stocks (3,176)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved