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Zoom expands R&D in India and US to offset geopolitical risks

Videoconference company's Q2 revenue jumps 355% on year

San Jose, California-based Zoom halted direct sales of products to users in mainland China in August.   © Reuters

PALO ALTO, U.S. -- Zoom, the videoconferencing service provider, has expanded its engineering facilities in India and the U.S. as part of its efforts to reduce dependence on its China-based research and development team amid rising tensions between Washington and Beijing.

The company reported another record quarterly results on Monday, as the coronavirus pandemic drives strong demand for remote-working tools. For the three months ended July, Zoom's quarterly revenue grew 355% on the year to $663.5 million. Asia-Pacific, which accounts for 12.3% of Zoom's total sales, generated $81.4 million in revenue, more than sixfold the number last year.

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