Zoom Video Communications Inc. Bumps Up Full-Year Forecast, Misses Near-Term Expectations
Monday, 20 May 2024, 20:33
Zoom Raises Full-Year Outlook
Zoom Video Communications Inc. has bumped up its full-year profit and sales forecast after a successful first quarter.
Near-Term Forecast Falls Short
The company missed Wall Street’s near-term expectations despite surpassing them in the long-term forecast.
- Artificial-Intelligence Rollout: The broader AI rollout in Zoom's products is positively impacting its performance.
- Challenges Ahead: The near-term forecast shortfall signals potential obstacles for the company.
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