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Zoom reaps coronavirus boon as outbreak drives telework demand

Video conference provider 'never thought about monetizing' the pandemic

Video conferencing service provider Zoom has experienced record usage the past month as companies turn to remote working due to coronavirus outbreak.    © Reuters

SAN JOSE, U.S. -- Zoom, the videoconferencing service provider, reported better-than-expected quarterly results on Wednesday as well as a surge in user numbers due to the coronavirus outbreak, making it one of the few listed companies to see a boost from the ongoing crisis.

The San Jose, California-based company has seen its share price rise more than 70% this year to $116.80 just before its latest quarterly results on Wednesday, after debuting on Nasdaq last April at $62 per share.

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