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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Zoom Video Communications, Inc.    ZM

ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
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Zoom Video Communications : Launches Hardware as a Service Program

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07/07/2020 | 09:24am EDT
Zoom Launches Hardware as a Service Program
Graeme Geddes

July 7, 20203 min read

Video-enabled conference rooms and cloud phone products are among the most powerful business tools available, especially with businesses needing exceptional resilience and agility more than ever. Conference rooms with video conferencing technology provide professional, high-quality face-to-face communication from the comfort of the office, while cloud phone products allow employees to work from anywhere they have a connection, reducing friction in internal and external communication and driving employee productivity. However, the prohibitive cost of top-tier hardware solutions and the significant investment required to scale these hardware solutions often prevents companies from providing employees with effective hardware solutions.

Zoom's new Hardware as a Service (HaaS) program, initially available to only our US customers, provides access to Zoom Phone and Zoom Rooms hardware solutions with a budget-friendly subscription service, giving organizations the ability to outfit their employees with leading hardware solutions and affordably scale these solutions at a fixed monthly price. Here are some of the benefits of Zoom's HaaS program:

Low upfront costs and predictable budgets

Many companies can't afford to equip their employees with effective hardware solutions due to large upfront costs and a significant impact on their budget. With Zoom HaaS, organizations can equip themselves with hardware solutions from leading vendors like DTEN, Neat, Poly, and Yealink without the large initial investment, freeing up their budget for important projects and making hardware solutions more accessible for businesses of all sizes.

Scalability

Purchasing hardware outright can be a great solution, but it doesn't give organizations the flexibility they need to scale up or down. Scaling up with purchased hardware requires a significant investment while purchased devices often must be used for long periods of time to see a material return on the initial investment. Zoom HaaS allows businesses to more easily scale up or down with high-quality devices designed for Zoom Phone and Zoom Rooms, allowing them to maximize cost efficiency and manage their hardware solutions to fit their needs and budget.

Fully supported by Zoom

All Zoom HaaS solutions are fully supported through Zoom, allowing customers to maintain a high level of availability. IT professionals also have the option to add professional and managed services to their subscription, providing organizations with more hassle-free installation services and enhanced end-to-end management from Zoom's professional services teams.

To learn more about Zoom's HaaS program, please visit our Hardware as a Service page or read our press release.

Download the eBook to learn more about Zoom's HaaS Program

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Disclaimer

Zoom Video Communications Inc. published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 13:23:06 UTC

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Financials (USD)
Sales 2021 1 806 M - -
Net income 2021 255 M - -
Net cash 2021 989 M - -
P/E ratio 2021 263x
Yield 2021 -
Capitalization 65 177 M 65 177 M -
EV / Sales 2021 35,5x
EV / Sales 2022 28,1x
Nbr of Employees 2 854
Free-Float 57,1%
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Technical analysis trends ZOOM VIDEO COMMUNICATIONS,
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 216,77 $
Last Close Price 231,04 $
Spread / Highest target 29,8%
Spread / Average Target -6,18%
Spread / Lowest Target -49,8%
EPS Revisions
Managers
NameTitle
Eric S. Yuan Chairman, President & Chief Executive Officer
Aparna Bawa COO, Secretary & General Counsel
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Sunil Madan Chief Information Officer
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