Zoom stock fell sharply after its latest results were released. The company exceeded market sales targets for the period. But its outlook for ahead disappointed investors. Large enterprise contracts drove revenue growth. More large customers signed up. Enterprise growth accelerated during the reporting period. Zoom additionally highlighted its stake in AI firm Anthropic to show its AI strategy.
The company launched new products lately. Still, Zoom provided a soft financial outlook for upcoming periods. That soft guidance led to shares to fall after the announcement.