Reported about 9 hours ago
Zoom Video Communications has raised its fiscal 2025 revenue and profit forecasts due to high demand for its video conferencing software, especially as hybrid work becomes more prevalent. The company plans to extend its share repurchase program by $1.2 billion. Despite a slight dip in shares after a previous rally, Zoom continues to benefit from significant enterprise spending, reporting third-quarter revenue of $1.18 billion and adjusted earnings per share of $1.38, both exceeding expectations.
Source: YAHOO