Zoom stock fell significantly after its second quarter results were released. The company exceeded market sales targets for the period. But its future forecast failed to impress investors. Large enterprise contracts drove revenue growth. More large customers joined the platform. Enterprise growth sped up during the reporting period. Zoom additionally highlighted its stake in AI firm Anthropic to show its AI strategy.
The company launched new products lately. Still, Zoom provided a soft financial outlook for upcoming periods. That poor forecast led to shares to fall after the report.