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@kewur 3 months ago

Zoom raises outlook, stock up after earnings beat

Zoom raises outlook, stock up after earnings beat

Zoom raised its revenue and profit forecasts, stock up 3.5% after hours. They're seeing growth from new products like Phone and Contact Center, plus a bigger push into AI. Q3 revenue came in at $1.23B vs $1.21B expected, and EPS was $1.52 (est $1.44). They also boosted their share buyback by $1B, and are working with Nvidia to improve their AI tools.
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