Zoom stock fell sharply after its latest results came out. The company beat market sales targets for the quarter. But its future forecast disappointed investors. Large enterprise contracts powered revenue growth. More large customers signed up. Enterprise growth accelerated during the second quarter. Zoom also discussed its investment in AI firm Anthropic to demonstrate its AI plan.
The company launched new products lately. Still, Zoom gave a soft financial outlook for upcoming periods. That soft guidance caused shares to decline after the announcement.