The problem is that the company’s projection for the current quarter and full fiscal year came in below analysts’ estimates. Still, it has also seen its revenues grow (49% year over year to $181.9 million for the quarter ended Jan. Unlike Zoom, Slack is not yet a profitable company. Like Amazon in the United States, the company is hiring more engineers and salespeople in the midst of a crisis. Zoom has also been increasing its capacity with its two cloud infrastructure providers: Amazon’s AWS and Microsoft’s Azure. “In general, we architect our data centers and have built them so they run at 50% of peak capacity,” Steckelberg said to CNBC. The idea is that if one of the locations is getting swamped with networking traffic, it can send the load to the others. READ ALSO: Tech industry increases efforts against coronavirus Two more will become available this week or next week, she told CNBC. According to Steckelberg, Zoom’s engineering operations team has been adding servers and other equipment inside every one of the company’s 17 data center locations. On Tuesday Zoom’s CFO Kelly Steckelberg told CNBC how the company is handling the increased demand for its online services. This Wednesday “ZOOM Cloud Meetings” topped the free charts in the Apple and Google mobile app stores in the U.S., ahead of Netflix or TikTok. Video conferencing softwares have expanded their free offerings to help businesses and schools in the midst of the COVID-19 crisis. Alongside with Google’s Hangout, Microsoft’s Teams, and Cisco’s WebEX, Zoom has expanded its free offerings to help businesses and schools in the midst of the COVID-19 crisis. Throughout the year, the company’s shares went up 74%, while the S&P 500 went down 21% in the biggest sell-off since the financial crisis of 2008. According to the Investors Daily, while the Dow Jones index has fallen as much as 33% off its February high, Zoom stock has found support at its recent buy point. Zoom Video Communications is one of the few stocks that has so far been immune to the coronavirus stock market crash. ![]() Otávio Torres, head of People at Rocket.chat. In addition, we created a special channel on our platform to daily inform employees about the most relevant points of the situation in the world, and provide guidance on best practices for challenging times like this,” Otávio Torres, head of People at Rocket.chat, told LABS. “The fact that we managed all of this through our own collaboration platform made the transition to 100% home office a lot easier compared to companies that had to do it from scratch. READ ALSO: Thiago Romariz – Will the entertainment business be forever changed due to coronavirus?Īs a platform born for remote work and originally with around 50% of the team working in this way, Rocket.chat has also taken 100% of its employees to home office mode in the past few weeks. Over time, the idea gained a life of its own. They wanted the company to create a chat feature for their customer relationship application. ![]() ![]() ![]() The platform was created at the request of customers of Konecty, a startup that Engel also helped to found. Outside Brazil, Rocket.chat also provides tools for Nokia, Boeing, the U.S. In Brazil, the company has customers such as the state-owned bank Caixa Econômica Federal, Samsung and the business solutions provider TOTVS. Rocket.chat was founded by the Brazilian Gabriel Engel in 2015, and is one of the top open source competitors of Slack. On Monday, in particular, the company recorded a growth of more than 130% in website accesses, in addition to an increase of more than 100% in installations and trials of the tool. Rocket.chat, an open source team collaboration platform with more than 350 mil customers worldwide, saw an increase of 30% in the tool’s usage in the last couple of weeks. As a result, broadband service providers, cloud storage and management services, as well as organizational and communication tools are seeing their usage and the number of new customers growing impressively. One of the measures taken voluntarily in the United States and Latin America to fight against the rapid advance of the new coronavirus was the effective implementation of remote work by startups and technology-based companies in general. As new coronavirus cases approach stabilization in China, allowing the country to gradually resume its economic activity, Europe, the new epicenter of the disease, and the Americas see COVID-19 spread exponentially.
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