Zoom stock dropped significantly after its second quarter results came out. The company beat market revenue expectations for the quarter. But its outlook for ahead failed to impress investors. Large enterprise contracts powered revenue growth. More large customers joined the platform. Enterprise growth accelerated during the second quarter. Zoom additionally discussed its investment in AI firm Anthropic to demonstrate its AI plan.
The company added new products lately. Still, Zoom gave a soft financial outlook for upcoming periods. That poor forecast caused shares to decline after the announcement.