Zoom stock fell sharply after its latest results came out. The company beat market revenue expectations for the quarter. But its outlook for ahead failed to impress investors. Big business deals powered revenue growth. More large customers joined the platform. Enterprise growth sped up during the second quarter. Zoom additionally discussed its investment in AI firm Anthropic to demonstrate its AI plan.
The company launched new products lately. Still, Zoom gave a weak financial outlook for upcoming periods. That soft guidance caused shares to decline after the report.