Please ensure Javascript is enabled for purposes of website accessibility

More Than 5 Billion Minutes Spent in Virtual Meetings Amid Coronavirus

By Donna Fuscaldo - Mar 17, 2020 at 11:48AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Cisco is seeing a huge demand for its Webex video conferencing platform as scores of companies have employees work from home.

Cisco Systems (CSCO -0.42%) Webex virtual conferencing software is seeing a huge uptick in usage as the coronavirus forces many employees to work from home. 

During an interview , Cisco CEO Chuck Robbins said that in the first eleven days of business in March Webex had 5.5 billion meeting minutes. On Monday alone, the executive said there were 3.2 million virtual conferencing meetings across the globe. That doesn't include one-on-one meetings. It doesn't hurt that Cisco is making Webex available free for 90 days, providing unlimited usage and support for as many as 100 participants. 

Woman having a video conference with a co-worker.

IMAGE SOURCE: GETTY IMAGES.

With the coronavirus forcing millions of people to stay home, demand for video conferencing and digital collaboration apps have been surging. That is only expected to grow even more now that many U.S. workers have been asked to work remotely. Microsoft (MSFT 1.47%), Alphabet's (GOOG -0.28%) (GOOGL -0.27%) Google, and Zoom (ZM -1.11%) have all seen record demand for their platforms since the outbreak. Zoom said earlier this month that usage is up significantly from the 100 billion minutes run rate it experienced at the end of January. To help out during the outbreak Zoom has removed the 40 minute limit on meetings and is offering its video conferencing tools for free to K-12 schools. 

The demand is also taxing some of these platforms as companies increasingly rely on them to keep operations going. On Monday Microsoft's (MSFT 1.47%) Teams chat and collaboration app crashed for two hours amid an influx of users. Slack (WORK)  went as far as to lay out what it's doing to ensure it remains up and running during the spike in demand. During an earnings conference call, the company said it's seeing a "massive outpouring" of interest.  

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Cisco Systems, Inc. Stock Quote
Cisco Systems, Inc.
CSCO
$42.88 (-0.42%) $0.18
Microsoft Corporation Stock Quote
Microsoft Corporation
MSFT
$260.26 (1.47%) $3.78
Alphabet Inc. Stock Quote
Alphabet Inc.
GOOGL
$2,234.03 (-0.27%) $-6.12
Alphabet Inc. Stock Quote
Alphabet Inc.
GOOG
$2,245.13 (-0.28%) $-6.30
Zoom Video Communications Stock Quote
Zoom Video Communications
ZM
$111.87 (-1.11%) $-1.26
Slack Technologies, Inc. Stock Quote
Slack Technologies, Inc.
WORK

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
319%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/30/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.