Press Releases

Zoom Reports Financial Results for the First Quarter of Fiscal Year 2022

  • First quarter total revenue of $956.2 million, up 191% year over year
  • Number of customers contributing more than $100,000 in TTM revenue up 160% year over year
  • Approximately 497,000 customers with more than 10 employees, up 87% year over year

SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the first fiscal quarter ended April 30, 2021.

“We kicked off the fiscal year with a very strong first quarter, posting 191% total year-over-year revenue growth combined with strong profitability and cash flow. Our steadfast commitment to empowering customers to work and learn from anywhere with our expansive, innovative, and frictionless video communications platform continued to drive our results. With this solid start, we are pleased to raise our total guidance range to $3.975 billion to $3.990 billion for the full fiscal year,” said Zoom founder and CEO, Eric S. Yuan. “We have also opened our technology portfolio to developers through our powerful video SDK and to businesses to expand their reach through Zoom Events. Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life. We are energized to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections.”

First Quarter Fiscal Year 2022 Financial Highlights:

  • Revenue: Total revenue for the first quarter was $956.2 million, up 191% year over year.
  • Income from Operations and Operating Margin: GAAP income from operations for the first quarter was $226.3 million, up from $23.4 million in the first quarter of fiscal year 2021. After adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net, non-GAAP income from operations for the first quarter was $400.9 million, up from $54.6 million in the first quarter of fiscal year 2021. For the first quarter, GAAP operating margin was 23.7% and non-GAAP operating margin was 41.9%.
  • Net Income and Net Income Per Share: GAAP net income attributable to common stockholders for the first quarter was $227.4 million, or $0.74 per share, up from $27.0 million, or $0.09 per share in the first quarter of fiscal year 2021.

    Non-GAAP net income for the quarter was $402.1 million, after adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, litigation settlements, net, and undistributed earnings attributable to participating securities. Non-GAAP net income per share was $1.32. In the first quarter of fiscal year 2021, non-GAAP net income was $58.3 million, or $0.20 per share.

  • Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of April 30, 2021 was $4.7 billion.
  • Cash Flow: Net cash provided by operating activities was $533.3 million for the first quarter, compared to $259.0 million in the first quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $454.2 million, compared to $251.7 million in the first quarter of fiscal year 2021.

Customer Metrics: Drivers of total revenue included acquiring new customers and expanding across existing customers. At the end of the first quarter of fiscal year 2022, Zoom had:

  • Approximately 497,000 customers with more than 10 employees, up approximately 87% from the same quarter last fiscal year.
  • 1,999 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 160% from the same quarter last fiscal year.
  • A trailing 12-month net dollar expansion rate in customers with more than 10 employees above 130% for the 12th consecutive quarter.

Financial Outlook: Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022.

  • Second Quarter Fiscal Year 2022: Total revenue is expected to be between $985.0 million and $990.0 million and non-GAAP income from operations is expected to be between $355.0 million and $360.0 million. Non-GAAP diluted EPS is expected to be between $1.14 and $1.15 with approximately 311 million non-GAAP weighted average shares outstanding.
  • Full Fiscal Year 2022: Total revenue is expected to be between $3.975 billion and $3.990 billion. Non-GAAP income from operations is expected to be between $1.425 billion and $1.440 billion. Non-GAAP diluted EPS is expected to be between $4.56 and $4.61 with approximately 311 million non-GAAP weighted average shares outstanding.

Additional information on Zoom’s reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom’s results computed in accordance with GAAP.

A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website at

Zoom Video Earnings Call

Zoom will host a Zoom Video Webinar for investors on June 1, 2021 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company’s financial results and business highlights. Investors are invited to join the Zoom Video Webinar by visiting:

About Zoom

Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit and follow @zoom.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the second quarter of fiscal year 2022 and full fiscal year 2022, Zoom’s growth strategy and business aspirations to lead the evolution to hybrid work. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers and hosts, renewals or upgrades, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto, including the potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers, particularly as a vaccine becomes widely available, and users return to work or school or are otherwise no longer subject to shelter-in-place mandates, as well as the impact of COVID-19 on the overall economic environment, any or all of which will have an impact on demand for remote work solutions for businesses as well as overall distributed, face-to-face interactions and collaboration using Zoom, delays or outages in services from our co-located data centers, and failures in internet infrastructure or interference with broadband access which could cause current or potential users to believe that our systems are unreliable. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our annual report on Form 10-K for the fiscal year ended January 31, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures

Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zoom’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zoom’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Zoom’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation.

Non-GAAP Income From Operations and Non-GAAP Operating Margins. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, and litigation settlements, net. Zoom excludes stock-based compensation expense and expenses related to charitable donation of common stock because they are non-cash in nature and excluding these expenses provides meaningful supplemental information regarding Zoom’s operational performance and allows investors the ability to make more meaningful comparisons between Zoom’s operating results and those of other companies. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom’s operating results. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry.

Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, litigation settlements, net, and undistributed earnings attributable to participating securities. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zoom’s core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zoom’s business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry.

In order to calculate non-GAAP net income per share, basic and diluted, Zoom uses a non-GAAP weighted-average share count. Zoom defines non-GAAP weighted-average shares used to compute non-GAAP net income per share, basic and diluted, as GAAP weighted average shares used to compute net income per share attributable to common stockholders, basic and diluted, adjusted to reflect the common stock issued in connection with the IPO, including the concurrent private placement, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability.

Free Cash Flow. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business.

Customer Metrics

Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts.

Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (“ARR”) from all customers with more than 10 employees as of 12 months prior (“Prior Period ARR”). Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. We then calculate the ARR from these customers as of the current period end (“Current Period ARR”), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months.

Press Relations

Colleen Rodriguez
Global Public Relations Lead for Zoom

Investor Relations

Tom McCallum
Head of Investor Relations for Zoom

Zoom Video Communications, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands)

As of
April 30,
January 31,
Current assets:
Cash and cash equivalents $ 1,557,270 $ 2,240,303
Marketable securities 3,132,309 2,004,410
Accounts receivable, net 366,346 294,703
Deferred contract acquisition costs, current 148,645 136,630
Prepaid expenses and other current assets 136,326 116,819
Total current assets 5,340,896 4,792,865
Deferred contract acquisition costs, noncurrent 155,295 157,262
Property and equipment, net 192,410 149,924
Operating lease right-of-use assets 93,780 97,649
Goodwill 24,340 24,340
Other assets, noncurrent 81,890 75,953
Total assets $ 5,888,611 $ 5,297,993
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 8,324 $ 8,664
Accrued expenses and other current liabilities 450,678 393,018
Deferred revenue, current 1,069,334 858,284
Total current liabilities 1,528,336 1,259,966
Deferred revenue, noncurrent 25,089 25,211
Operating lease liabilities, noncurrent 86,433 90,415
Other liabilities, noncurrent 56,020 61,634
Total liabilities 1,695,878 1,437,226
Stockholders’ equity:
Preferred stock
Common stock 293 292
Additional paid-in capital 3,292,241 3,187,168
Accumulated other comprehensive income 200 839
Retained earnings 899,999 672,468
Total stockholders’ equity 4,192,733 3,860,767
Total liabilities and stockholders’ equity $ 5,888,611 $ 5,297,993

Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $28.8 million and $24.6 million as of April 30, 2021 and January 31, 2021, respectively.

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended April 30,
2021 2020
Revenue $ 956,237 $ 328,167
Cost of revenue 264,994 103,707
Gross profit 691,243 224,460
Operating expenses:
Research and development 65,175 26,389
Sales and marketing 245,667 121,556
General and administrative 154,089 53,130
Total operating expenses 464,931 201,075
Income from operations 226,312 23,385
Interest income and other, net 2,619 5,790
Income before provision for income taxes 228,931 29,175
Provision for income taxes 1,400 2,100
Net income 227,531 27,075
Undistributed earnings attributable to participating securities (148 ) (39 )
Net income attributable to common stockholders $ 227,383 $ 27,036
Net income per share attributable to common stockholders:
Basic $ 0.77 $ 0.10
Diluted $ 0.74 $ 0.09
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic 293,794,778 279,891,111
Diluted 305,412,419 295,184,958

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)

Three Months Ended April 30,
2021 2020
Cash flows from operating activities:
Net income $ 227,531 $ 27,075
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense 98,969 28,777
Amortization of deferred contract acquisition costs 37,766 16,287
Charitable donation of common stock 1,000
Provision for accounts receivable allowances 4,055 3,868
Depreciation and amortization 10,663 5,339
Non-cash operating lease cost 4,274 2,248
Other 5,866 (1,421 )
Changes in operating assets and liabilities:
Accounts receivable (75,665 ) (142,501 )
Prepaid expenses and other assets (29,975 ) (49,080 )
Deferred contract acquisition costs (47,813 ) (124,854 )
Accounts payable 1,592 1,756
Accrued expenses and other liabilities 88,656 167,322
Deferred revenue 210,896 322,862
Operating lease liabilities, net (3,513 ) 287
Net cash provided by operating activities 533,302 258,965
Cash flows from investing activities:
Purchases of marketable securities (1,425,451 ) (207,546 )
Maturities of marketable securities 291,047 137,014
Sales of marketable securities 26,613
Purchases of property and equipment (79,074 ) (7,272 )
Purchase of equity investment (8,000 )
Purchase of convertible promissory note (6,500 ) (5,000 )
Purchase of intangible assets (162 )
Other 1,319
Net cash used in investing activities (1,219,978 ) (63,034 )
Cash flows from financing activities:
Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (9,984 ) 218,540
Proceeds from exercise of stock options 3,368 9,586
Other 337
Net cash (used in) provided by financing activities (6,279 ) 228,126
Net (decrease) increase in cash, cash equivalents, and restricted cash (692,955 ) 424,057
Cash, cash equivalents, and restricted cash – beginning of period 2,293,116 334,082
Cash, cash equivalents, and restricted cash – end of period $ 1,600,161 $ 758,139

Zoom Video Communications, Inc.
Reconciliation of GAAP to Non-GAAP Measures
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended April 30,
2021 2020
GAAP income from operations $ 226,312 $ 23,385
Stock-based compensation expense and related payroll taxes 104,375 30,246
Litigation settlements, net 66,916
Acquisition-related expenses 3,284
Charitable donation of common stock 1,000
Non-GAAP income from operations $ 400,887 $ 54,631
GAAP net income attributable to common stockholders $ 227,383 $ 27,036
Stock-based compensation expense and related payroll taxes 104,375 30,246
Litigation settlements, net 66,916
Acquisition-related expenses 3,284
Charitable donation of common stock 1,000
Undistributed earnings attributable to participating securities 148 39
Non-GAAP net income $ 402,106 $ 58,321
Net income per share – basic and diluted:
GAAP net income per share – basic $ 0.77 $ 0.10
Non-GAAP net income per share – basic $ 1.37 $ 0.21
GAAP net income per share – diluted $ 0.74 $ 0.09
Non-GAAP net income per share – diluted $ 1.32 $ 0.20
GAAP and non-GAAP weighted-average shares used to compute net income per share – basic 293,794,778 279,891,111
GAAP and non-GAAP weighted-average shares used to compute net income per share – diluted 305,412,419 295,184,958
Net cash provided by operating activities $ 533,302 $ 258,965
Purchases of property and equipment (79,074 ) (7,272 )
Free cash flow (non-GAAP) $ 454,228 $ 251,693
Net cash used in investing activities $ (1,219,978 ) $ (63,034 )
Net cash (used in) provided by financing activities $ (6,279 ) $ 228,126


Press Releases

Amorepacific sets five sustainability management goals for 2030

The ‘2030 A MORE Beautiful Promise’ includes five goals set under two guiding pillars,
‘moving forward together with customers and society’ and ‘coexisting responsibly with nature’

SEOUL, South Korea, June 2, 2021 /PRNewswire/ — Amorepacific today announced ‘2030 A MORE Beautiful Promise’ – a set of sustainability management goals it aims to achieve by 2030. A total of five goals under two guiding pillars, which are ‘moving forward together with customers and society’ and ‘coexisting responsibly with nature,’ are the company’s latest commitment towards creating meaningful growth.

Amorepacific Global HQ Located in Yongsan, Seoul, South Korea

The first two goals of ‘2030 A MORE Beautiful Promise’ aim to promote sustainable consumption for customers and create a more inclusive society:

  • Instill the values of environmental-friendliness or social inclusion in all of its new products, and carry out brand activities that contribute to a sustainable lifestyle. Amorepacific will be reducing the ‘environmental footprint’ of all new products, seeking technological innovations in ‘Green Chemistry’, and conducting brand campaigns that promote responsible consumption.
  • Promote diversity and inclusion across all our global workplaces and beyond, while seeking harmonious growth with all our stakeholders. In addition to providing awareness improvement training for all employees on diversity and inclusion, incorporating these values in developing beauty products and campaigns, Amorepacific will invest KRW 100 billion to support the financial independence of socially vulnerable groups and empower citizens to lead healthier, more sustainable lives.

The following three goals of ‘2030 A MORE Beautiful Promise’ is the company’s effort to tackle global climate change, fostering a harmonious coexistence with nature:

  • Achieve carbon neutrality and zero-waste-to-landfill across our production sites worldwide. To fulfill this goal, Amorepacific will use 100% renewable energy at all production sites globally and convert all distribution vehicles used in Korea to eco-friendly vehicles.
  • Reduce the use of plastics in product packaging and create 100% reusable, recyclable or compostable plastic packaging materials. Amorepacific targets to use recycled or bio-based plastics for 30% of all plastic packing and provide more refillable products and services.
  • Invest KRW 10 billion into biodiversity conservation efforts and increase the use of RSPO-certified palm oil to 90% or more by 2023. Amorepacific will support biodiversity conservation efforts and adopt advanced technologies to help combat climate change. The company also has plans to support palm oil farmer in partnership with NGOs and existing supply chain partners.

Jeonghwa OH, Senior Vice President of Sustainability Management Division at Amorepacific, said, “2030 A MORE Beautiful Promise is our latest commitment as a responsible corporate citizen. With deep empathy toward our customers, society, and nature, Amorepacific will continue to collaborate with every member of our corporate ecosystem to create a positive impact on the world.”

Since declaring its ‘Total Commitment Initiative’ in 1993, Amorepacific has continued to carry out various sustainability management activities based on its calling to ‘create A MORE beautiful world.’ The company began publishing annual Sustainability Reports in 2009, and in 2017 committed to taking part in the UN’s Sustainable Development Goals (SDGs).

About Amorepacific

Since 1945, Amorepacific has had a single, clear mission: to present its unique perception of beauty– namely what it calls ‘Asian Beauty’ – to the world. As Korea’s leading beauty company, Amorepacific draws from its deep understanding of both nature and human to pursue harmony between inner and outer beauty. With its portfolio of over 20 cosmetics, personal care, and health care brands, Amorepacific is devoted to meeting the various lifestyles and needs of global consumers around the world: Asia, North America, Europe, Oceania and the Middle East. Amorepacific’s research hubs located around the world are dedicated to sustainable R&D that combine the best of natural Asian ingredients and advanced bio-technology. With its world-class products, Amorepacific is acclaimed for the innovative ways in which it is transforming global beauty trends.

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Press Releases

‫استمرار آركتك في التصنيف الرابع بين أكبر موردي أنظمة التتبع الشمسية عالميًا خلال 2020

شنغهاي – الصين، 02 يونيو 2021 /وكالة أنباء بي آر إن نيوزوير/ — استمر تصنيف شركة آركتك، رائدة تصنيع وتوريد أجهزة التتبع الشمسية وهياكل تثبيت الألواح الشمسية ثابتة الميل وأنظمة خلايا الطاقة الشمسية المتكاملة المستخدمة في البناء، في المركز الرابع عالميًا خلال عام 2020، بواقع حصة سوقية بلغت 8%، وذلك طبقًا لأحدث بيانات مجمعة وود ماكينزي العالمية لأبحاث واستشارات الطاقة. يعكس هذا التصنيف اعترافًا بتميز الشركة بمنتجاتها المتقدمة من أجهزة التتبع الشمسية أحادية وثنائية الألواح، بالإضافة إلى خدماتها عالية الجودة.

Source: Wood Mackenzie Power& Renewables

ويوضح تقرير صدر حديثًا عن مجموعة وود ماكينزي استمرار آركتك في التمتع بزخم قوي في السوق الصينية والهندية ومنطقة المحيط الهادئ والشرق الأوسط خلال عام 2020، كما يوضح أيضًا نجاح توسع الشركة في أسواق أمريكا اللاتينية وأمريكا الشمالية.

وطبقًا لتقرير وود ماكينزي، تصدرت آركتك التصنيف بمنطقة المحيط الهادئ بحصة سوقية بلغت 35%، وذلك بفضل انفرادها بالريادة في سوق الطاقة الشمسية بالهند. ظلت الشركة أكبر مورد لأنظمة التتبع الشمسية في المنطقة على مدار ثلاثة أعوام متتالية.

ورغم تعطل الأنشطة الاقتصادية بالهند بسبب الجائحة، فقد نجحت آركتك في إبرام صفقة مع واحدة من كبرى شركات التطوير الهندية لتوريد أنظمة التتبع الشمسي أحادية الألواح SkyLine بقدرة إنتاجية  1.7 جيجاواط، لتوفير الطاقة اللازمة لمشروعين بولاية راجستان. وعلى الأخص، تُعد محطة الطاقة الشمسية AEML بقدرة 860 ميجاواط أكبر مشروعات توليد الطاقة بالهند باستخدام الألواح الشمسية ثنائية الوجه إلى جانب تقنية التتبع الشمسي.

وفي منطقة الشرق الأوسط، أصبحت آركتك ثاني أكبر موردي أجهزة التتبع الشمسية بعدما استحواذها على حصة سوقية بلغت 33%، بواقع زيادة ملحوظة نسبتها 25% مقارنة بعام 2019، وذلك حسب تقرير مجموعة وود ماكينزي. في العام الماضي، ورَّدت الشركة أنظمة التتبع الشمسي أحادية الألواح SkyLine بقدرة إنتاجية  575 ميجاواط لسد احتياجات أكبر مشروعات محطات الطاقة الشمسية المدعمة بالألواح الشمسية ثنائية الوجه وتقنية التتبع الشمسي بسلطنة عمان.

كما احتلت آركتك المرتبة الأولى للعام الثالث كأكبر موردي أجهزة التتبع الشمسية على مستوى أمريكا اللاتينية، بينما استمرت تصنيفها في المركز الثالث في السوق المكسيكية خلال عام 2020. في حين يستمر زخم مبيعات الشركة من أنظمة التتبع ثنائية الألواح وأنظمة التتبع SkySmart II بمنطقة أمريكا اللاتينية، خاصة في تشيلي وكولومبيا والأرجنتين.

كما يشير التقرير إلى استمرار هيمنة الشركة على قطاع توريد أنظمة التتبع الشمسية بالصين بلا منافس، بعد استحواذها على حصة سوقية بلغت 46% خلال العام ذاته.  تولت الشركة توريد أنظمة التتبع الشمسي أحادية الألواح SkyLine لتشييد محطة طاقة شمسية بقدرة 3.2 جيجاواط، والتي تُعد أكبر محطات الطاقة الشمسية بمقاطعة تشينغهاي. بخلاف بعض منافسيها ممن يعتمدون على مصادر خارجية في التصنيع، تجمع آركتك بين القدرة على تصميم المنتجات وتطويرها وتصنيعها داخليًا، مما يعطيها ميزة تنافسية تضمن تحقيق عملية إنتاج وضبط جودة وتوريد بتكاليف قابلة للتحكم.

ويذكر جاي رونج، رئيس قسم الأعمال العالمية، أنه “رغم استمرار تنامي سوق الطاقة الشمسية خلال 2020، ما زلنا نتأثر بتداعيات الجائحة. ويعكس استمرار آركتك في احتلالها المركز الرابع بين أكبر موردي أنظمة التتبع الشمسية في العالم أسباب مبادراتنا العالمية، كما يؤكد على تنافسية منتجات آركتك من أنظمة التتبع الشمسية في السوق العالمي. يعكس التصنيف أيضًا ما نتمتع به من ثقافة الابتكار والريادة الفنية، كما يُعد ثمرة التزامنا بنهج يركز على احتياجات العملاء في المقام الأول. رغم ذلك، ما زال الطريق أمامنا طويلًا.” بخطى ثابتة، سنمضي قُدُمًا في تطبيق استراتيجيتنا العالمية والاستمرار في اكتساب نقاط قوة تنافسية جديدة على مستوى المواهب وسلاسل التوريد والتميز السلعي وشبكات الخدمة وغيرها. وبالاستمرار في دفع حدود إمكانياتها، تتطلع آركتك إلى البناء على نجاحها الحالي خلال عام 2021.”

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Qatar to face India in Asian Cup qualifiers on Thursday

DOHA – The Qatari national football team will lock horns against India on Thursday at Jassim bin Hamad Stadium in Al Sadd Club, as part of the Group E matches of the joint Asian qualifiers for the Qatar 2022 World Cup and the 2023 Asian Cup in China.

The joint qualifiers are held in Doha from June 3 to 15, with the participation of Qatar, Oman, India, Bangladesh, and Afghanistan.

Qatar’s coach Felix Sanchez had announced the squad for the matches against India and Oman: Saad Al Sheeb, Mishaal Barshim, Pedro Miguel, Salem Al Hajri, Tariq Salman, Abdul Karim Hassan, Boualem Khoukhi, Hassan Al Haidos, Akram Afif, Youssef Abdul Razzaq, Ahmed Suhail, Musab Khader, Muhammad Waad, Salah Zakaria, Bassam Al Rawi, Assem Madbo, Al Moez Ali, Karim Boudiaf, Ismail Mohamed, Mohamed Muntari, Abdullah Abdel Salam, Sultan Al Buraik, Ahmed Alaa Al Din, Hammam Al Amin, Mahmoud Abu Nada, Abdelaziz Hatem, Khaled Mounir, Abdullah Marafie, Abdel Rachid Omaro, Hashem Ali, Mohamed Ayyash and goalkeeper Youssef Hassan.

The Qatari team started its qualifying campaign with a 6-0 victory over Afghanistan and a 0-0 draw with India in the second round, then achieved four consecutive victories against Bangladesh 2-0, Oman 2-1, Afghanistan 1-0 and Bangladesh 5-0. The team will face India on June 3, then Oman on June 7.

Source: Qatar Olympic Committee


Absence of Afghan Peace Deal Will Fuel Chaos, Terrorism After US Exit, Pakistan Warns

ISLAMABAD – Pakistan’s prime minister warned Wednesday that if warring parties in Afghanistan fail to reach a peace arrangement, “anarchy” will erupt in the turmoil-hit neighbor after the withdrawal of the United States and allied troops, threatening regional stability.

Imran Khan issued the warning a day after Washington said almost half of U.S. troops and equipment had been sent home or destroyed since the drawdown formally began on May 1.

The withdrawal is the outcome of a February 2020 deal the U.S. negotiated with the Afghan Taliban, which is waging a deadly insurgency against the internationally backed Kabul government.

“It is very important for Afghanistan to have a political settlement and stability when the Americans leave and a government with consensus is established that could prevent the country from descending into anarchy,” Khan said.

The Pakistani leader spoke at a news conference in Islamabad with visiting President Emomali Rahmon of Tajikistan, which also borders Afghanistan. He stressed the need for regional countries to jointly push the Afghan political reconciliation, saying it would help boost much needed regional trade and economic links.

“We are concerned that when the Americans leave, and there is no political settlement, a situation may arise similar to the aftermath of the Soviet departure from Afghanistan, which will be detrimental to Pakistan and other neighboring countries,” Khan said. The prime minister also said Pakistan fears terrorism will rise without a political settlement.

Islamabad maintains that anti-state militants have taken refuge in Afghan territory after fleeing Pakistani security operations and continue to plot cross-border terrorist attacks from there.

For its part, the Kabul government accuses Pakistan of covertly supporting the Taliban and allowing insurgent leaders to direct violence inside Afghanistan, allegations Pakistani officials deny.

The allegations and counter-allegations are at the center of long-running tensions and suspicions between the two countries that share nearly a 2,600-kilometer border.

The United States credits Khan’s government with arranging the negotiations with the Taliban that culminated in the landmark troop withdrawal deal a year ago, ending nearly two decades of war between the two foes.

The pact encouraged the insurgents to open peace talks in Qatar last September with a team representing the Kabul government.

Islamabad takes credit for persuading the Taliban to engage in what is officially dubbed the intra-Afghan negotiations. The dialogue has mostly been deadlocked, however, with each side blaming the other for stalling the peace process.

Highly placed Pakistani official sources told VOA Tuesday that Islamabad has played a role in breaking the impasse, and the Afghan rivals are expected to return to the negotiating table later this week, possibly Thursday, to discuss a reduction in deadly battlefield hostilities in Afghanistan, among other pressing issues.

Source: Voice of America


UAE leaders congratulate Italian President on Republic Day

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country’s Republic Day, marked annually on 2nd June.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent similar messages to President Mattarella, as well as to the Italian Prime Minister Mario Draghi, on the occasion.

Source: Ministry of Foreign Affairs & International Cooperation

Press Releases

‫شبكة تلفزيون الصين الدولية (CGTN): أُسلُوب الصين مع العالم بشأن “نبحر معًا في محيط لا حدود له”.

1 يونيو / حزيران 2021 /PRNewswire/ — ” محيط لا حدود له حيث نبحر مع الريح” هو سطر من قصيدة صينية كتبت قبل 1000 عام.

والقول القديم، الذي يعني أنه لا توجد حدود جغرافية للمكان الذي نسافر فيه لمقابلة الأصدقاء، له صدى دائم في الصين الحديثة.

قال الرئيس الصيني شي جين بينغ في منتدى بواو الآسيوي في عام 2018: “أود أن أوضح للجميع أن باب الانفتاح الصيني لن يغلق، بل سيفتح على نطاق أوسع وأوسع”.

من الإصلاح والانفتاح …

إن التغيرات الرائعة التي نجمت عن سياسة الإصلاح والانفتاح التي انتهجتها الصين في عام 1978 تشهد على القيمة الكبيرة للاقتناع بأن الانفتاح هو السبيل إلى النمو والثروة.

واسترشادًا بهذه السياسة، تحولت البلد من دولة زراعية إلى حد كبير إلى ثاني أكبر اقتصاد في العالم.

فقد زاد إجمالي واردات الصين وصادراتها من السلع بنسبة 1.9% في العام إلى 32.16 تريليون يوان (حوالي 4,647 مليارات دولار أميركي) في عام 2020، وهو ما سجل رقمًا قياسيًا على الرغم من الركود العالمي في الشحنات وجعله الاقتصاد الرئيسي الوحيد في العالم الذي سجل نموًا إيجابيًا في التجارة الخارجية في السلع.

وفي عام 1978، لم يتجاوز الحجم الإجمالي 20.6 بليون دولار.

فقد عملت الصين جاهدة لاجتذاب المزيد من المستثمرين العالميين إلى سوقها المحلية الضخمة من خلال توسيع نطاق الوصول إلى الأسواق وتحسين بيئة الأعمال التجارية.

وتشير الدراسة الاستقصائية التي أجرتها وزارة التجارة مؤخرًا إلى أن 96.4 في المائة من شركات الاستثمار الأجنبية متفائلة بشأن آفاق أعمالها في الصين.

كما انضمت الصين إلى تصنيف أفضل 10 اقتصادات على مستوى العالم من حيث سهولة ممارسة الأعمال التجارية للعام الثاني على التوالي بفضل أجندة إصلاح قوية، وفقًا لتقرير دراسة للبنك الدولي لعام 2020.

ومن ناحية أخرى، وقَّعت الصين اتفاقيات تعاون مع 140 دولة و31 منظمة دولية في إطار مبادرة الحزام والطرق، منذ أن بدأت في عام 2013.

… لنمط التطوير الجديد

وبينما تشرع الصين في رحلة جديدة نحو التحديث الاشتراكي من خلال الخطة الخمسية الرابعة عشرة (2021-2025)، فإن الانفتاح يظل بالغ الأهمية لخريطة الطريق الجديدة في البلاد.

وبعد أن كشفت الصين عن نمطها التنموي “الدوران المزدوج” في الخطة، فإنها تتعهد بمواصلة فتح أسواقها في غضون السنوات الخمس المقبلة لتجاوز التباطؤ الاقتصادي الناجم عن الفيروس وتعزيز التعاون الدولي.

ويعني نموذج التنمية الجديد التأكد من أن الأسواق المحلية والخارجية على حد سواء أكثر ارتباطًا واستخدامًا عن طريق إطلاق العنان لإمكانات السوق المحلية.

المضي قدمًا في بذل جهود ملموسة.

والآن أصبح لدى الصين 21 منطقة من مناطق التجارة الحرة التجريبية، بعد الكشف عن مناطق التجارة الحرة التجريبية الثلاث في العام الماضي. كما وقَّعت على اتفاقية الشراكة الاقتصادية الإقليمية الشاملة، التي من المقرر أن تكون أكبر كتلة للتجارة الحرة في العالم.  


Press Releases

A new chapter powered by a global coalition: SNOMED International releases its 2020 Annual Report

London, UK, June 01, 2021 (GLOBE NEWSWIRE) — 2020 has been a year like no other in the world’s recent history. The COVID-19 pandemic has impacted the health and well-being of a global community, and, in doing so, has necessitated shifts in the way the world conducts business, engages with colleagues, and, at a personal level, connects with family and friends. The continued dedication and service of healthcare providers globally, despite the new demands placed on them as a result of the pandemic, cannot be overstated.

SNOMED International’s 2020 Annual Report, “A new chapter powered by a global coalition,” demonstrates the vast breadth of progress made possible by the will of a growing and committed community. The start of the year was marked by the delivery of necessary COVID-19 terminology to equip healthcare systems globally in their management of the pandemic, an activity which continued steadily throughout the year. Further, 2020 marked the first year of a new five-year strategy, the focus of which tackled many imperatives for the organization’s product and services enhancement and innovation.

The organization continued to strengthen its connections with Members through refreshed statements of the value SNOMED CT delivers to its complement of stakeholders, further underlining the case for investment in SNOMED CT — a product uniquely positioned to support innovation in medicine with artificial intelligence and personalized medicine playing an increasingly prevalent role in safe and informed care delivery.

As SNOMED International continues to satisfy the mission and vision that guide its new strategy, the organization is energized by the desire for innovation and commitment to excellence observed from Members, governance bodies and the SNOMED CT Community of Practice.

SNOMED International is proud of its collective achievements in 2020 and looks forward to sharing them with the global SNOMED CT community. Read SNOMED International’s 2020 Annual Report and contact with inquiries.

About SNOMED International

SNOMED International is a not-for-profit organization that owns and develops SNOMED CT, the world’s most comprehensive healthcare terminology product. We play an essential role in improving the health of humankind by determining standards for a codified language that represents groups of clinical terms. This enables healthcare information to be exchanged globally for the benefit of patients and other stakeholders. A Member oriented organization, we are committed to the rigorous evolution of our products and services, to deliver continuous innovation for the global healthcare community. SNOMED International is the trading name of the International Health Terminology Standards Development

Kelly Kuru
SNOMED International
Press Releases

2021 Q1: Zepp Health Ranked in the Top 4 in Global Adult Smartwatch Shipments

With Global Year-on-Year Growth of 68.8%, Zepp Health Is the Market Leader in Brazil, Russia and Spain.

SHENZHEN, China, June 1, 2021 /PRNewswire/ — Zepp Health (NYSE: ZEPP) with self-owned brands Zepp and Amazfit, ranked the Top 4 in terms of global adult smartwatch shipments[1] in the first quarter of 2021, according to data from the International Data Corporation (IDC) on the global wearable device market. Zepp Heath sold over 1.65 million Zepp and Amazfit smartwatches in the first quarter, representing year-on-year growth of 68.8% in global unit sales – the highest growth among the top adult smartwatch brands.

Despite ongoing challenging market conditions that have impacted the consumer electronics industry worldwide, Zepp Health sales remained robust. Zepp Health ranked No.1 by shipments for adult smartwatches in Brazil (40.9%), Russia (28.9%) and Spain (23.5%). It also ranked No. 2 in Italy, No. 3 in Poland; and No. 4 in Germany, India, Indonesia and Thailand for shipments of adult wearables. Besides, Zepp Health is ranked No. 6 in Mexico, US, France and the UK markets.

Sales momentum was driven by their established popular Amazfit Fashion and Lifestyle wearables such as the Amazfit GTR 2 and GTS 2 series of smartwatches and the Outdoor Sports series including the Amazfit T-Rex.

Zepp Health ranked No.1 by shipments for adult smartwatches in Brazil, Russia and Spain.

The Amazfit brand has also been raising its profile by expanding its worldwide sponsorship portfolio of adventurous outdoor sports. Celebrating the Amazfit T-Rex Pro release in March 2021, the brand sponsored three challenging competitions that embody the watch’s spirit: Explore Your Instinct. Earlier this year, it announced a partnership with Spartan, the world’s leading endurance sports and wellness brand and Amazfit will activate at a selection of Spartan events across the world this season. Amazfit has also sponsored the ESOK Rally in Eskişehir, Turkey and the All-Russian Zavidovo SUP Challenge – one of the top five SUP competitions globally.

[1] According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

About Amazfit

Established in September 2015, Amazfit offers several series of smart watches and bands from daily to outdoor sport use, as well as other smart hardware related to sports and health, including TWS sports earbuds, smart treadmills, smart body composition scales and sports gear. With a complete line of products which offer an outstanding user-experience, Amazfit maximizes its ability to satisfy the needs of different consumer groups.

With outstanding design and craftsmanship, Amazfit smartwatch products have won many awards, such as the German iF Industrial Design Award and the Red Dot Design Award.

Currently, Amazfit products hit the markets of more than 90 countries and regions, including the United States, Germany, and Japan. According to an IDC global wearable device market tracking report, in the year of 2020, Amazfit smartwatch shipments ranked 1st in Spain and Indonesia, 2nd in Brazil and Italy, 3rd in Russia, India and Thailand, 4th in Poland, 5th in Germany, and were also among the top products in other countries and regions.

About Zepp Health, formerly Huami Corporation

Zepp Health’s mission is to connect health with technology. Since its inception in 2013, the company has developed a platform of proprietary technology including AI chips, biometric sensors, and data algorithms, which drive a broadening line of smart health products for consumers, and analytics services for industry. In 2019, the company shipped 36.6 million units of smart watches and fitness bands, including its own Amazfit brand, and products developed and manufactured for Xiaomi, comprising 23% of global category shipments. The company is headquartered in Hefei, China, with U.S. operations, Zepp USA, based in Cupertino, Calif. For more information, please visit

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Press Releases

Robotic Process Automation Platform ElectroNeek Raises $20 Million in Series A Funding Round to Democratize Access to RPA Technology

SAN FRANCISCO, June 1, 2021 /PRNewswire/ — ElectroNeek, a leading robotic process automation (RPA) platform for managed service providers (MSPs) and IT teams, has announced that it raised $20 million in a Series A funding round led by Baring Vostok with participation of AICPA and existing investors –, Dragon Capital, I2BF, Angelsdeck, Gokul Rajaram and others. Following the new funding influx, ElectroNeek’s valuation now exceeds $100 million.

ElectroNeek RPA platfrom

ElectroNeek offers a comprehensive suite of software solutions to help companies of all sizes automate repetitive tasks, which simplifies IT processes and reduces costs. ElectroNeek has democratized complex RPA technology making it accessible and affordable to all businesses. It has done so by using a unique approach to deployment and scalability of RPA workflows.

MSPs use ElectroNeek to build and deploy RPA bots for their customers while retaining full control over the pricing of their RPA projects for end users. They can also take care of bot development and administration and offer RPA-as-a-Service subscriptions which can provide a source of recurring revenue for them.

Enterprises use ElectroNeek to replace legacy RPA vendors, save on costly bot licenses and automate a myriad of routine business processes so that they can focus on more high-priority IT tasks.

The Covid-19 pandemic has forever reshaped companies’ priorities. Optimizing costs and reducing unnecessary mundane work to shift focus onto key issues has become top of mind for business leaders. This is exactly what ElectroNeek has been created to help with.

Partnering with Baring Vostok and the continuous support of our existing investors will enable us to bring more MSPs and companies of all sizes to the ElectroNeek hyperautomation ecosystem. This will put us at the forefront of accelerating adoption of RPA technology, allow us to create meaningful change and provide real help to companies of all sizes,” said Sergey Yudovskiy, ElectroNeek’s CEO and co-founder.

ElectroNeek now has 250 customers ranging from Fortune 500 companies and global consulting firms to smaller size MSPs in more than 40 countries. It has established technology and go-to-market partnerships with Microsoft, Oracle and Nvidia.

ElectroNeek is a great example of a company using a unique product and distribution strategy in an already established market. Its founders are set on democratizing access to RPA technology which has already proven its bulletproof value in more than 80% of Fortune 500 companies.

ElectroNeek significantly lowers entry barriers for the whole market and supports new RPA developers by building an easy-to-use low-code platform, which is a mission we were drawn to from the start.

As a fund with a long history of betting on underdogs turned industry trailblazers, we hope that with this new funding ElectroNeek will now be one step closer to fulfilling its vision of bringing much needed innovation into the RPA industry,” said Maxim Loginov, Partner at Baring Vostok.

ElectroNeek plans to use the proceeds of the funding round to significantly expand its engineering, product and support teams in North America, Latin America, Europe, the Middle East and India.

About ElectroNeek
ElectroNeek is a leading robotic process automation platform for managed service providers and IT teams. Founded in 2019 by RPA industry veterans, ElectroNeek became the fastest-growing RPA platform in 2021. It now has 250 customers ranging from Fortune 500 companies and global consulting firms to smaller size MSPs in more than 40 countries. ElectroNeek has been named Market Leader in G2’s Market Momentum Report for two consecutive quarters alongside UiPath and Automation Anywhere. ElectroNeek is an alumnus of Y Combinator, Plug and Play, a preferred partner of Sage, and has established technology and go-to-market partnerships with Microsoft, Oracle and Nvidia.

About Baring Vostok
Established in 1994, Baring Vostok is the most successful and well-known investment advisory firm focusing on investing in companies with founders who have roots in emerging countries. It invests in companies across geographies that span Europe, North America and Asia. Today Baring Vostok has invested more than $3.7 billion in 87 trailblazing companies across these regions. They include leading multi-category e-commerce platform OZON, fintech company Kaspi, food retailer VkusVill, off-price retailer Familia, pharmaceutical company Solopharm, edtech company Skyeng, global communications company Viasat and many others.

Alex Astafyev (co-founder, CIO) – Eastern Europe

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