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

(Reuters) — Zoom warned on Monday that 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 for video conferencing for work, school, and socializing due to the COVID-19 pandemic, fell 5% after the bell, despite upbeat fourth-quarter forecasts.

Zoom operates some of its own datacenters, but it also relies on cloud computing services from outside vendors such as Amazon 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 Zoom’s gross profit margins down to 66.7%, below analysts’

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Beam Therapeutics Presents First Data Highlighting Base Editing Program for Glycogen Storage Disease Type Ia at AASLD

Novel Base Editors for Two Most Common GSDIa Mutations Demonstrate Significantly Higher Levels of In Vivo Mutation Correction than Required to Restore Glucose Homeostasis

Previously Presented Data from Alpha-1 Program to be Reviewed in Encore Presentation

CAMBRIDGE, Mass., Nov. 13, 2020 (GLOBE NEWSWIRE) — Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today announced that the company will present preclinical data from its liver-focused programs, including the first data highlighting its novel base-editing strategy for correcting disease-causing mutations underlying Glycogen Storage Disease Type Ia (GSDIa), during the American Association for the Study of Liver Diseases (AASLD) The Liver Meeting Digital Experience being held virtually November 13-16, 2020.

GSDIa, also known as Von Gierke disease, is an inborn disorder of glucose metabolism caused by mutations in the G6PC gene that disrupt a key enzyme, Glucose-6- Phosphatase (G6Pase), which is involved in

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Place Technology Expands Customer Base by 1,400 Percent, Announces 4,400 Percent Revenue Growth Year-To-Date

Financial forecasting solutions provider continues to expand customer base in SaaS, professional services markets

Place Technology (Place), the comprehensive financial forecasting solutions provider for SaaS and professional services companies, today announced a 1,400 percent increase in net new customer acquisitions and subscription revenue growth of 4,400 percent year-to-date.

Following a successful $3 million seed round in October 2019, Place concentrated its core business to serve small and medium-sized SaaS and professional services companies, leading to significant year-over-year revenue growth. As uncertainty continues to surround today’s markets, companies are increasingly seeking to enhance their ability to quickly forecast recurring and non-recurring contract revenues, cash flow, sales pipelines and operational expenses without the burden of manual data management.

Notable customer acquisitions include:

  • Nylas, a leading provider of communications APIs for software developers.

  • Robots & Pencils, a mobile first strategy, design and development firm.

  • Skaled, a B2B sales and management consultancy.

“Finance teams

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Unmanned Systems Represent Key Growth Opportunities in the Asia Pacific Defense Technology Industry Base Market 2020

Dublin, Nov. 02, 2020 (GLOBE NEWSWIRE) — The “Budget Constraints in the Asia-Pacific Region Driving the Development of the Defense Market, 2020” report has been added to ResearchAndMarkets.com’s offering.

This study identifies emerging trends that will have an impact on thedefense technology industrial base (DTIB) and identifies areas of opportunities in the land, air, and naval security segments and technology adoption that will potentially add value in terms of helping the security objectives. All security industry participants and the rest of the industry verticals will benefit from this study, as this is a growth opportunities study investigating the potential impact of future technologies on the market, and how they will evolve during the forecast period. Technology companies that are looking at new avenues to add capabilities to their portfolio will benefit from this study.

This research study includes:

  • Product scope: Industry Mega Trends and defense Mega Trends

  • Geographic scope: Asia-Pacific

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Marriott inks Grab partnership to integrate app platform, access customer base

Marriott International has inked a partnership with Southeast Asian mobile app operator, Grab, to integrate the latter’s platform across its service portfolio, including food delivery, payment, transport, and advertising. The deal will give the hotel group access to Grab’s “sizeable” customer base through its services, namely, GrabFood, GrabPay, and GrabAds.

Touted as its “most comprehensive agreement” with a hospitality group, Grab said in a joint statement Thursday the alliance would see both organisations melding their service offerings to enrich user experience for consumers across Southeast Asia. It also marks Marriott’s first “extensive integration” with a mobile app platform in the region, the partners said, enabling the global hotel group to tap a customer base that was increasingly transacting online. 

Under the agreement, GrabFood would showcase 600 restaurants and bars under Marriott’s network across six Southeast Asian markets. Customers also would be able to pay for their dining transactions through GrabPay

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Can a Moon Base be Safe for Astronauts?

On August 4, 1972, the sun unleashed an incandescent whip of energy from its surface and flung it toward the planets. It was accompanied by a seething cloud of plasma called a coronal mass ejection, which traversed the nearly 150 million kilometers between sun and Earth in just more than half a day—still the fastest-known arrival time for such outbursts—to briefly bathe our planet in cosmic fire.

Earth’s shielding magnetosphere crumpled and shrunk by two thirds, sending powerful geomagnetic currents rippling through the planet. Dazzling displays of “northern lights” stretched down to Spain, and overloaded power lines strained as far south as Texas. Off the southern coast of Haiphong, North Vietnam, the seas churned as the celestial disturbance prematurely detonated some two dozen U.S. Navy sea mines. The geomagnetic storm is one of the most violent solar events in recorded history, certainly the most violent of the space age.

The

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