Zoom stock fell significantly after its second quarter results were released. The company beat market sales targets for the period. But its future forecast failed to impress investors. Big business deals drove revenue growth. More large customers joined the platform. Enterprise growth sped up during the second quarter. Zoom also 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 decline after the report.