Zoom stock fell sharply after its latest results were released. The company beat market revenue expectations for the quarter. But its future forecast failed to impress investors. Large enterprise contracts powered revenue growth. Additional large customers joined the platform. Enterprise growth sped up during the reporting period. Zoom additionally highlighted its investment in AI firm Anthropic to demonstrate its AI plan.
The company launched new products recently. Still, Zoom gave a soft financial outlook for future periods. That soft guidance caused shares to decline after the report.