Earnings Results
Last Updated: Nov. 20, 2023 at 8:22 p.m. ET
First Published: Nov. 20, 2023 at 4:3src p.m. ET
Videoconferencing platform reports seeing more usage of new AI capabilities
Zoom reports as sales growth slows following widespread adoption during the pandemic’s remote-work boom.
AFP/Getty Image
Shares of Zoom Video Communications Inc. moved higher in after-hours trading on Monday after the videoconferencing platform raised its full-year sales and profit outlook.
The upbeat forecast followed third-quarter results that beat expectations, helped by a jump in deeper-pocketed customers and AI offerings.
Zoom ZM said it expected full-year…
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