Zoom stock dropped sharply after its latest results came out. The company exceeded market sales targets for the quarter. But its future forecast disappointed investors. Big business deals powered revenue growth. Additional large customers signed up. Enterprise growth sped up during the reporting period. Zoom also discussed its stake in AI firm Anthropic to show its AI plan.
The company added new products recently. Still, Zoom gave a soft financial outlook for future periods. That poor forecast caused shares to fall after the report.