Zoom stock dropped sharply after its latest results were released. The company beat market revenue expectations for the period. But its outlook for ahead failed to impress investors. Big business deals drove revenue growth. Additional large customers joined the platform. Enterprise growth sped up during the second quarter. Zoom additionally highlighted its stake in AI firm Anthropic to show its AI strategy.
The company launched new products recently. Still, Zoom provided a weak financial outlook for future periods. That soft guidance led to shares to decline after the report.