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.