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2021-08-30

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Wall Street awaits Zoom's next act as pandemic boom cools

(Reuters) - When stay-at-home favorite Zoom reports quarterly results on Monday, Wall Street will lo

Wall Street awaits Zoom's next act as pandemic boom cools

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It has more than 400,000 customers.\nOver the last two months, Zoom has said it would buy Kites GmbH, a firm that helps in real-time language translation and announced its largest deal - a $14.7 billion buyout of cloud-based call-center software provider Five9 to double down on the service.\n\"The enterprise side of the market is only 15% migrated to cloud phones,\" says Needham analyst Ryan Koontz.\nHowever, Zoom faces a two-pronged challenge with fierce competition from Cisco, Microsoft and Salesforce and the post-pandemic weakening in user traffic growth, although a hybrid working world is likely to keep demand up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Wall Street awaits Zoom's next act as pandemic boom cools

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