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Zoom Boosts Outlook With Move Beyond Video Calls

23Aug

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Technology

Zoom Boosts Outlook With Move Beyond Video Calls

[ad_1] Zoom Video Communications Inc. raised its annual forecasts, a sign of progress on its effort to sell more products to large enterprise customers. The shares gained about 4% in extended trading.Revenue for the year ending in January 2024 will be as much as $4.5 billion, the company said Monday in a statement. In May, Zoom projected annual sales of about $4.48 billion. Annual earnings, excluding some items, will be $4.63 to $4.67 a share, compared with a previous forecast of $4.25 to $4.31. Investors have been concerned about the stagnation of Zoom's once-explosive sales as the company's central videoconferencing software is challenged by major rivals, such as Microsoft Corp. Zoom's plan to resuscitate growth hinges on expanding its tools for large businesses, such as phone platfor...

EU opens anti-trust probe into Microsoft over Teams

[ad_1] The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communication app with its popular Office suite, on concerns it could be cutting out competitors.The investigation, to see whether the US software giant is "abusing and defending its market position" through the practice, comes as computer users have massively adopted online virtual meetings since the coronavirus pandemic. "Remote communication and collaboration tools like Teams have become indispensable for many businesses in Europe," the commission's antitrust chief Margrethe Vestager, said. "We must therefore ensure that the markets for these products remain competitive, and companies are free to choose the products that best meet their needs," she said.Teams is a platform that a...

Bosses Say Nearly Half of Meetings Should Disappear

[ad_1] Tired of attending useless meetings? Turns out, your boss is probably sick of them, too.Executives spend an average of 25 hours a week in meetings, yet nearly half of those Zoom calls and project updates could disappear without any negative impact, according to a survey of more than 10,000 desk workers by Future Forum, a research consortium backed by Salesforce Inc.-owned Slack Technologies. The top reason why business leaders go to unproductive meetings is that they thought it would be a good use of time, but ultimately wasn't. They also attend because they're afraid to miss something important, and to show their own manager they're working, the survey found. For those lower down the corporate ladder, the most common reason for showing up is obvious: They don't have a choice. T...