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Zoom reports nearly 100 fold profit growth over the previous year Zoom reports nearly 100 fold profit growth over the previous year

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Zoom reports nearly 100-fold profit growth over the previous year

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Video call service Zoom has published its financial statements for the third quarter of 2020. The company’s net income rose to $ 198.4 million, compared with just $ 2.2 million in last year for the same period.

Thus, the company’s net profit has grown 90 times over the year. On a per share basis, net income increased from $ 0.09 to $ 0.99 per share. The revenue increased almost fivefold – to $ 777.2 million (last year it was $ 166.6 million).

The company’s capitalization has grown since the beginning of 2020 to $ 134.14 billion (603.1%).

The company also noted an increase in paid service subscribers – at the end of the third quarter, Zoom had about 434,000 corporate customers with over 10 employees, almost five times more than a year earlier. Over the past year, 1,289 customers brought income to the service in more than $ 100 thousand – 136% more than in 2019.

The company’s earnings beat Wall Street analysts’ forecasts, according to the NASDAQ website. The specialists assumed that the revenue would be $ 694 million. At the same time, Zoom’s expenses also increased, causing the gross margin to fall from 71% to 67%. This happened due to the fact that the company provided a number of free services, and also spent a lot on the development of cloud services. As a result, at the close of trading on Monday, the company’s shares, despite the record growth in profits, fell by 5.1% – rising costs scared away investors, notes NASDAQ. In addition, investors fear that 2021 will no longer be so favorable for Zoom, Bloomberg writes.

In the fourth quarter, the company projects revenues in the range of $ 806 to $ 811 million and adjusted earnings of $ 0.77 to $ 0.79 per share. Zoom also adjusted its forecast for the entire fiscal year for the third time – now the company plans to receive from $ 2.575 to $ 2.58 billion by the end of 2020.

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The media told why there were so many errors in Cyberpunk 2077 – the game was simply poorly tested

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The media told why there were so many errors in

After the launch of Cyberpunk 2077 at the end of 2020, it turned out that the game has a lot of bugs and flaws that have been fixed over time. Now there is information that the project was simply poorly tested before release.

The media told why there were so many errors in Cyberpunk 2077 - the game was simply poorly tested

It is alleged that CD Projekt RED hired the Romanian company Quantic Lab, which previously tested The Witcher 3, to test the game. However, experienced testers had left Quantic Lab by this time, although the company claimed otherwise. This is stated in a video on the YouTube channel Upper Echelon Gamers, which received a 72-page document with test reports, data from the personnel department and so on. This data was allegedly given to the author of the channel by an anonymous employee of Quantic Lab. Although no screenshots or documents are shown in the video.

The video claims the following:

  • Quantic Lab lied about the size of the test team in order to keep the contract.
  • Many team members were newbies who needed to be trained in parallel with testing.
  • The Romanian company required a daily quota of bugs to be met, so any bugs were sent to the developers, not the most important ones. Because of this, really significant errors were often not detected in time.

It is also noted that as a result, CD Projekt RED changed the requirements for testing, now it was necessary to report only important errors, but time was lost.

At the same time, YouTube blogger LegacyKillaHD, who previously reviewed Cyberpunk 2077, asked about the situation of several developers from CD Projekt RED on condition of anonymity. According to them, they knew about the problems in the game, but there was not enough time to fix them.

The media told why there were so many errors in Cyberpunk 2077 - the game was simply poorly tested

Official comments from both companies have not yet been received.

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700 quintillion dollars for an asteroid. Mission Psyche postponed indefinitely

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700 quintillion dollars for an asteroid Mission Psyche postponed indefinitely

NASA said that it had to postpone the launch of the spacecraft to the “precious” asteroid Psyche (Psyche).

700 quintillion dollars for an asteroid.  Mission Psyche postponed indefinitely

As stated in the press release, the postponement is due to the late delivery of the software and test equipment necessary for the device. As a result, now NASA no longer has enough time to complete the tests.

The Psyche spacecraft was originally scheduled to launch on August 1st. The launch was then pushed back to at least September 20. The mission has now been postponed indefinitely.

The problem is that the spacecraft will be launched in such a way that on the way to the asteroid it performs a gravitational maneuver near Mars. Due to the relative position of Earth, Mars and Psyche, scientists had a window from August 1 to October 11 for an optimal launch this year. However, even before October 11, NASA does not have time. Therefore, the device will be launched already in 2023 or even in 2024. And if the original plan implied the arrival of the device to the asteroid in 2026, now we are talking about at least 2029 or 2030. That is, a delay in the launch for a period of six months to a year and a half will lead to an increase in the duration of the flight for a period of five to six years.

The total cost of the Psyche project, including the rocket, is $985 million. To date, 717 million dollars have already been spent. It is also important to note that the device will put the Falcon Heavy into orbit, which has been used only three times so far, although the first launch took place in early 2018. But in the near future, SpaceX will use this rocket much more actively, since four launches are planned before the end of this year alone.

Recall that the asteroid Psyche is interesting because it is the most expensive asteroid in our solar system. Of course, from known. It is mostly composed of iron and nickel, probably representing the core of a larger body that was destroyed in the early stages of the formation of the solar system. Estimates of the cost of the asteroid vary greatly, but some say as much as $700 quintillion.

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Samsung will not significantly improve the TVs in the Galaxy S23 and S23 +. They will retain resolution and 3x zoom

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Samsung will not significantly improve the TVs in the

The Samsung Galaxy S23 and Galaxy S23+ smartphones, unfortunately, when it comes to the camera, will not improve compared to current models.

Samsung will not significantly improve the TVs in the Galaxy S23 and S23 +.  They will retain resolution and 3x zoom

concept

The source says that the novelties will retain the same 10-megapixel sensor with 3x optical zoom as the current Galaxy S22 and S22 + models.

To be more precise, the sensor parameters will be the same, but it may be slightly different. But in general, apparently, one should not expect any special improvements in the operation of such cameras, although they can take place thanks to new software and a new SoC.

In general, this situation is quite expected, since the Galaxy S23 Ultra will also be in the lineup, which will just offer more opportunities for shooting with zoom thanks to two telephoto cameras.

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