LogMeIn Inc. provided new usage statistics Thursday as the COVID-19 outbreak prompts more people to work from home and access remote tools. The company disclosed that use of remote-access tools including LogMeIn Pro and GoToMyPC rose as much as 300% in the past week while the company's unified-communications platform GoToConnect witnessed a 93% boost in voice calls with growth up nearly 20% day over day. Usage of LogMeIn's video-conference and meetings tools is up as much as 10 times from earlier 2020 levels, before the big spike in remote work that was brought on by COVID-19, a spokesperson said. LogMeIn shares have held up better than the overall market in the past month, falling about 4% compared with a 17% drop for the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.57% .
new
Want to see how this story relates to your watchlist?
Just add items to create a watchlist now:
- XS&P 500 Index (SPX)
/zigman2/quotes/210599714/realtime
Add to watchlist
Get news alerts on S&P 500 Index — or create your own.
More News In
Industries
