Zoom stock dropped significantly after its second quarter results came out. The company exceeded market revenue expectations for the period. But its outlook for ahead disappointed investors. Big business deals drove revenue growth. Additional large customers signed up. Enterprise growth sped up during the second quarter. Zoom also discussed its investment in AI firm Anthropic to demonstrate its AI strategy.
The company added new products recently. Still, Zoom provided a weak financial outlook for future periods. That soft guidance led to shares to fall after the report.