{"id":14586,"date":"2021-03-04T01:50:48","date_gmt":"2021-03-04T01:50:48","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=14586"},"modified":"2021-03-05T04:30:55","modified_gmt":"2021-03-05T04:30:55","slug":"companies-with-the-strongest-performance-in-2020","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/companies-with-the-strongest-performance-in-2020\/","title":{"rendered":"Companies With The Strongest Performance In 2020"},"content":{"rendered":"

\"Company\"COVID-19 turned the financial world upside down. The initial stages of the pandemic led to large-scale lockdowns, which led to unemployment figures exploding to <\/span>14.8% in April 2020<\/span><\/a>. Citizens were left scrambling to make sense of it all, while people that had some cash leftover every month were suddenly cash-strapped and left struggling to pay their bills.<\/span><\/p>\n

Even hospitals, which people have become reliant on to help them when they\u2019re sick, started to struggle due to overwhelming numbers of people being admitted for COVID.<\/span><\/p>\n

The population has also been tested, with many people abiding by mask requirements and those that tested positive but were asymptomatic wondering why people are so afraid to go out in public or why businesses closed.<\/span><\/p>\n

COVID impacts different people <\/span>differently<\/span><\/i>, and even businesses are impacted differently.<\/span><\/p>\n

As a global downturn is hitting economies across the world and governments try to prop the economy with stimulus checks and other measures, some businesses have managed to break revenue records.<\/span><\/p>\n

Which businesses had some of their best quarterly and yearly earnings in 2020?\u00a0<\/span><\/p>\n

Zoom<\/span><\/h2>\n

Zoom calls have the pandemic to thank for enjoying a 367% increase in revenue at the end of the third quarter in 2020. The company benefitted from the work-from-home movement, as employers started to use <\/span>Zoom <\/span><\/i>to have meetings and client calls.<\/span><\/p>\n

The company\u2019s fiscal Q3 revenue was <\/span>$777.2 million<\/span><\/a>, with over 485% year-over-year growth in customers and over 10 employees.<\/span><\/p>\n

Zoom has grown drastically in the past year, with substantial growth that <\/span>isn\u2019t<\/span><\/i> likely to slow as video-first communication continues to be one of the most important parts of working from home.<\/span><\/p>\n

In fact, West Houston is a prime example of big enterprises relying on Zoom. Known for being home to many of the world\u2019s largest oil companies, big names have over <\/span>10,000<\/span><\/a> employees using Zoom and working from home, including:<\/span><\/p>\n