- On Monday, the company’s second-quarter results saw a rise in the company’s earnings, shares rose 26 percent
- The company’s Ceo Networth surpassed $ 20 billion, a 4 percent increase in assets
The assets of Zoom Video Communications CEO Eric Yuan on Monday saw an increase of more than $ 4 billion. Eric Yuan Networth’s wealth now exceeds $ 20 billion. According to foreign media reports, the company’s shares in the US markets had seen a tremendous rise in the coming of quarterly results of the company, which has benefited from the wealth of the CEO of the company. Let us also tell you how much Eric Yuan’s wealth has become and what kind of figures the company has presented in the quarterly results.
CEO assets increase
On Monday, Zoom Video Communications CEO Eric Yuan’s assets rose by $ 4.2 billion. After which the total CEO’s net worth has exceeded ü 20 billion dollars. In the US markets, the company’s shares had increased by 26 percent, due to which the price of the company’s shares reached $ 410. The increase in shares also led to a jump in the CEO’s net worth.
The company had released quarterly results
Zoom Video Communications shared its findings for the second quarter of the current financial year ended July 31, which saw a $ 66.35 million jump in earnings as year-on-year amid restrictions imposed by Covid-19. There has been an increase of 355 per cent in new consumers joining it. Zoom said at the end of the second quarter on Monday that it had about 370,200 consumers with more than ten deficiencies, a 458 percent increase over the same period last fiscal.
355 percent increase in income
Zoom founder and CEO Eric Yuan said in a statement that our ability to connect people around the world, taking care of every detail on our platform, increased income by 355 percent year-on-year in the second quarter. As more and more people have used the platform to connect among the restrictions imposed due to Covid-19, its revenue has increased by about $ 237-239 million and by 281% increase over the last year. It has increased by 284 percent.
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