Zoom Video Selects Oracle as Cloud Infrastructure Provider for Core Online Meeting Service
April 28 2020 - 9:09AM
Dow Jones News
By Michael Dabaie
Oracle Corp. said Zoom Video Communications Inc. selected the
company as a cloud infrastructure provider for its core online
meeting service.
"We recently experienced the most significant growth our
business has ever seen, requiring massive increases in our service
capacity," Zoom Video Chief Executive Eric S. Yuan said.
Oracle said that to meet rapidly increasing demand for its
services, including a sudden increase to 300 million daily meeting
participants, Zoom Video needed additional cloud capacity
immediately. Oracle said Zoom Video is already transferring upwards
of seven petabytes through Oracle Cloud Infrastructure servers each
day, roughly equivalent to 93 years of high-definition video.
Oracle shares were up 1.2% premarket to $54 and Zoom Video was
up 0.9% to $166.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 28, 2020 08:54 ET (12:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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