Zoom stock fell sharply after its latest results were released. The company exceeded market revenue expectations for the period. But its future forecast disappointed investors. Big business deals drove revenue growth. More large customers signed up. Enterprise growth sped up during the second quarter. Zoom additionally highlighted its investment in AI firm Anthropic to demonstrate its AI strategy.
The company launched new products lately. Still, Zoom provided a weak financial outlook for upcoming periods. That soft guidance led to shares to fall after the report.