https://investors.zoom.us/news-releases/news-release-details…
Note: This is the official release from their investor relations site. I saw other articles that cite it as a reason for today’s pop without any detail.
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A little more nuance in the reporting of this on the interwebs: I started at this Fool.com article:
https://www.fool.com/investing/2020/08/17/why-zoom-video-is-…
“…is now available in 25 additional countries and territories.”
The real info can be found in my first link of the Zoom press release, it says, “…announced general availability of its Zoom Phone cloud phone service in 11 additional countries (Total 17 countries and 1 territory now) and Beta Service in 25 new countries.”
If I am reading this right it is actually 36 new countries with 25 of those in a beta release (which I suspect will be a short beta cycle since the product is live and so only the territory launch is being tested unless there are underlying technology differences due to regulations or some such complication).
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Sorry for the spam! That is what I get for trying to drop an article while on a Zoom meeting for work ;).
The big takeaway here is that Zoom expanded availability of Zoom phone from just 7 countries/territories to 43! That is some aggressive market expansion and points to a simple process. I mentioned in my last reply there could be complications, but that is too many too fast for it to be complicated, right? Perhaps the only gating factor is the S&M team’s time.
If someone wants to do some modeling of country-size-to-Zoom-market-presence and make some financial sense of this info, well, then, you have more time than I.
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Here is a quote from Jamin Ball:
“I’m hearing more and more about Zoom Phone, especially around call center use cases. Spoke with an individual leading call center tech at a businesses with thousands of global employees just the other day, he described it as a “tremendous disruptor” $ZM”
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I have a news blurb on TD Ameritrade from Benzinga Pro that says Keybanc is reporting ZM billings are up 32% Quarter over Quarter vs. Consensus -15%
Can’t access link tho.
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Here is a quote from Jamin Ball:
“I’m hearing more and more about Zoom Phone, especially around call center use cases. Spoke with an individual leading call center tech at a businesses with thousands of global employees just the other day, he described it as a “tremendous disruptor” $ZM”
https://twitter.com/jaminball/status/1295383889699987456
In case you missed it, there is a link in the above to Zoom’s press release regarding this.
Good news to see international expansion.
Seeking Alpha posted the same blurb about Keybanc reporting ZM billings.
https://seekingalpha.com/news/3606209-zoom-billings-seeing-s…
Of note, it says
Zoom will report earnings on August 31. Analysts expect $498.9M in revenue and $0.45 EPS.
Analysts expect them to be in the middle of their revenue guidance which I think most of us agree is kind of ridiculous. But then they also expected them to meet guidance for Q1 when they clearly experience a massive explosion in usage and public mindshare due to the initial pandemic related shift to work from home. Which might be a good sign for the stock, except that analysts also have price targets in the low $200s.
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10 things to like about Zoom phone
https://www.unifysquare.com/blog/10-awesome-things-to-love-a…
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