Zoom’s surging free user base dents margins as cloud costs rise

(Reuters) — Zoom warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Shares of the company, which have risen about sevenfold this year fueled by the meteoric rise in demand in video conferencing for work, school or socializing due to the COVID-19 pandemic, fell 5% after the bell, despite upbeat fourth-quarter forecasts.

Zoom operates some of its own data centers, but it also relies on cloud computing services from outside vendors such as Amazon.com and Oracle, meaning it must bear costs for free users.

Those bills, driven in part by a jump in free users in the third quarter as millions of students and teachers started new school semesters, pushed down Zoom’s gross profit margins to 66.7%, below analysts’

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Global Music Composing Software Market Report 2020-2030: Surging Focus Toward Customization in the Music Composing Software

Dublin, Nov. 30, 2020 (GLOBE NEWSWIRE) — The “Music Composing Software Market Research Report: By Instrument Simulation, Deployment, Operating System – Global Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

In 2019, the global music composing software market generated a revenue of $177.4 million and by 2030, it is predicted to attain a value of $1,871.5 million. Furthermore, the market is predicted to advance at a CAGR of 23.8% between 2020 and 2030.

The main factors fueling the progress of the market are the rising usage of online music streaming services, stable growth of the media and entertainment industry, and strong public preference for classical music shows around the world.

Additionally, the burgeoning demand for effective collaborations amongst musicians is causing the expansion of the market. Major factors such as digitization, connectivity with multiple devices, rapid technological advancements, and the emergence of several entertainment

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Hottest India Internet Stock Surging Despite Valuation Fears

(Bloomberg) — As optimism about a coronavirus vaccine drives a shift away from technology shares, one such stock in India keeps rallying as market watchers bet its investments in startups will start to pay off.

Info Edge India Ltd. climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange’s 10-member IT index. The company runs Naukri.com, the nation’s leading job-hunting platform, and has investments in at least 23 startups, according to its website. It owns about a fifth of Zomato, the largest Indian web-based food delivery platform that counts Jack Ma’s Ant Group among investors.



a close up of a person holding a bag: Uber Sells India Food Business To Rival Zomato To Cut Losses


© Bloomberg
Uber Sells India Food Business To Rival Zomato To Cut Losses

Info Edge India owns about a fifth of Zomato.

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Photographer: Dhiraj Singh/Bloomberg

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts’ forecasts. The stock’s 187% surge

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Hottest Internet Stock in India Surging Despite Valuation Fears

(Bloomberg) — As optimism about a coronavirus vaccine drives a shift away from technology shares, one such stock in India keeps rallying as market watchers bet its investments in startups will start to pay off.

Info Edge India Ltd. climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange’s 10-member IT index. The company runs Naukri.com, the nation’s leading job-hunting platform, and has investments in at least 23 startups, according to its website. It owns about a fifth of Zomato, the largest Indian web-based food delivery platform that counts Jack Ma’s Ant Group among investors.



a close up of a person holding a bag: Uber Sells India Food Business To Rival Zomato To Cut Losses


© Bloomberg
Uber Sells India Food Business To Rival Zomato To Cut Losses

Info Edge India owns about a fifth of Zomato.

Loading...

Load Error

Photographer: Dhiraj Singh/Bloomberg

Info Edge has gained in November despite reporting quarterly profit and revenue that missed analysts’ forecasts. The stock’s 186% surge

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DoorDash IPO filing shows surging revenue growth [Video]

Get set for another blockbuster IPO this year. DoorDash unveiled the details of its initial public offering filing Friday with some appetizing numbers for investors.

The food delivery startup produced a profit for the first time in its history in the second quarter – some $23 million. And its revenue for the first nine months of the year more than tripled to just under $2 billion. It’s set to list on the New York Stock Exchange before the end of the year.

Demand for DoorDash’s food delivery services has mushroomed as the health crisis continues to keep people at home. It has grown into the U.S.’ largest third-party delivery company for restaurants.

Backed by SoftBank, DoorDash boasts $1.6 billion in cash and a $300 million credit facility that’s set to rise to $400 million after its IPO.

The company was privately valued at about $16 billion back in June. Its

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