Zoom stock dropped sharply after its latest results came out. The company exceeded market revenue expectations for the period. But its outlook for ahead failed to impress investors. Large enterprise contracts drove revenue growth. Additional large customers joined the platform. Enterprise growth accelerated during the reporting period. Zoom also discussed its investment in AI firm Anthropic to demonstrate its AI strategy.
The company added new products recently. Still, Zoom provided a weak financial outlook for future periods. That soft guidance led to shares to fall after the announcement.