Video communications company Zoom expects sales of the app to increase by more than 40% this year or reach more than US $ 3.7 billion.
The projection triggers an increase in the company's share of more than 6% during the 'after-hours trading' session in the Wall Street market.
Investors, however, are looking at how the firm will remain strong as more people receive vaccinations and social imprisonment restrictions are lifted.
According to a statement from Zoom, the company did not expect the growth to be as enjoyable as last year but stressed that its performance is still strong at the moment.
The company's sales value in the last three months of last year increased by 370% over the same period in 2019, reaching US $ 882.5 million.
Zoom revenue jumped from just US $ 21.7 million in 2019 to US $ 671.5 million last year.
"The fourth quarter of last year marks a strong end to a remarkable year for Zoom," said Zoom CEO Eric Yuan.
Meanwhile, analyst at Hargreaves Lansdown, Susannah Streeter said, the fate of Zoom depends on the extent to which the company can compete with firms such as Microsoft and Google which also introduced similar applications.
"While Zoom is ahead of other competitors during the first few months of the Covid-19 crisis, the firm is now facing strong competition from Microsoft and Google which have improved their services," he said in a research note.
