Zoom stock dropped sharply after its latest results came out. The company exceeded market revenue expectations for the quarter. But its outlook for ahead failed to impress investors. Large enterprise contracts powered revenue growth. Additional large customers joined the platform. Enterprise growth accelerated during the second quarter. Zoom also discussed its stake in AI firm Anthropic to show its AI plan.
The company launched new products recently. Still, Zoom gave a soft financial outlook for future periods. That poor forecast caused shares to fall after the announcement.