Profits at Cork's Workvivo jump to €25m thanks to increased business from Zoom

Founded in Cork in 2017, Zoom purchased Workvivo in a €250m deal in 2023

CEO and co-founder John Goulding, (left) and CTO and co-founder Joe Lennon (right)of Workvivo. Picture: Miki Barlok

Cork-headquartered workplace communications firm Workvivo has reported net profits jumped by 53% to €25m, as the company rolled out further services to parent company Zoom.

Workvivo recorded turnover of €96,566,244, its financial results for the year ended January 2026 filed this week show, which was a 39% increase on its 2025 performance. 

The directors said the increased turnover was driven by a €23.79m increase in intercompany turnover, with further services provided to Zoom. Third-party turnover also performed strongly, increasing by 12%. The US market was strongest for Workvivo, worth €76m alone.

Workvivo was founded by John Goulding and Joe Lennon in 2017. Communications platform Zoom purchased Workvivo in a €250m deal in 2023 and revenues subsequently increased by 174% to €69.39m in 2024, from €25.3m in the prior 13-month period. In February 2024, Workvivo moved its HQ office location to City Quarter, Lapps Quay, Cork. Clients include global giants Virgin and Ryanair.

Workvivo's products include Workvivo HQ Agent, an AI communications assistant.

"The Company is in a period of accelerated growth, has a strong sales pipeline, including some of the worlds leading brands and support from its parent company," the directors' statement said. 

Net profit hit €25,866,283, up from €16.9m a year earlier, and "partially offset by increased headcount costs and higher cost of sales, mainly data centre costs". "This performance reflects the uplift in services provided to the parent company (Zoom) and continued acquisition of major global enterprise customers which is facilitated by sustained investment in product development, further reinforcing Workvivo's position as a leading employee experience platform," the company's financial statement said.

The average number of people employed by the company during the financial year was 230, up from 165 in the previous year, and payroll costs increased to €39.9m.