Zoom stock fell significantly after its second quarter results came out. The company beat market sales targets for the quarter. But its outlook for ahead failed to impress investors. Big business deals powered revenue growth. Additional large customers joined the platform. Enterprise growth sped up during the second quarter. Zoom also discussed its investment in AI firm Anthropic to demonstrate its AI plan.
The company launched new products recently. Still, Zoom gave a soft financial outlook for future periods. That soft guidance caused shares to decline after the report.