New Delhi: After cementing its place within the video calling market amid the pandemic, Zoom is now planning to develop an electronic mail service and launch it subsequent 12 months, together with engaged on a calendar software, to tackle giants like Google and Microsoft, the media reported.
In accordance with a report in The Data citing folks with direct data of the matter, Zoom Video Communications has begun growing an online electronic mail service and “might offer a very early version of the product to some customers next year”.
“The company also is looking into building a calendar application”.
Zoom didn’t touch upon the report.
The corporate has had a blockbuster 12 months, with its inventory worth rising greater than 500 per cent owing to the unprecedented surge in distant work and studying.
Zoom’s main rivals are videoconferencing platforms bundled as a part of complete enterprise app suites.
The 2 huge gamers are Microsoft with its Workplace 365 platform and Google with its competing Workspace bundle.
“Both of those platforms offer calendar, email, and videoconferencing products, so it makes sense Zoom would look to email and calendar to try to round out its offerings and make Zoom less of single-purpose platform,” studies The Verge.
Driving on the pandemic-driven distant work and studying, Zoom quadrupled its quarterly income, registering $777.2 million in its third fiscal quarter that ended on October 31 — up 367 per cent (year-on-year).
The corporate had roughly 433,700 subscribers with greater than 10 staff, up from 370,200 final quarter. The variety of clients contributing greater than $100,000 in income went to 1,289 — up 136 per cent from final 12 months.
In October, Zoom made its new end-to-end encryption (E2EE) characteristic accessible to customers globally, free and paid, for conferences with as much as 200 individuals.