Reported 1 day ago
Zoom Communications Inc. experienced its largest single-day stock increase in a year, rising 13% to $82.47, following a stronger-than-expected financial forecast. The company projects revenues of approximately $4.83 billion for the upcoming fiscal year, surpassing analysts' expectations. This positive momentum comes as Zoom continues to diversify its services, including an AI assistant, despite facing ongoing competition from Microsoft's Teams product. The company reported a revenue increase of 4.7% in the last quarter, highlighting a stabilization in growth despite the challenging market conditions.
Source: YAHOO