Zoom lifts annual forecasts even as growth slows from pandemic peaks


FILE PHOTO: Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) -Zoom Video Communications Inc on Monday raised its full-year forecasts for revenue and profit even as growth winds down from a pandemic boom and business spending slows in a tough economy.

Shares of the company pared gains to trade 0.7% higher post market hours, after having rallied nearly 5% earlier.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Meta acquires AI agent social network Moltbook
Deutsche Bank upgrades US and European tech sector, turns 'overweight' on software
Citigroup raises AI capex and revenue forecasts amid rapid enterprise adoption
Dutch court upholds ruling forcing Meta to offer chronological feeds
US seeks comment on Zoox petition to deploy robotaxis without steering wheels
Amazon targeting $37 billion to $42 billion in bond sale, Bloomberg News reports
Legal AI startup Legora raises $550 million to speed up US expansion
AI startup Thinking Machines clinches capital and a major chip supply deal from Nvidia
Qualcomm, Wayve partner to accelerate AI-powered self-driving system rollout
Amazon transitions defense workloads, keeps Claude for others

Others Also Read