Zoom stock dropped significantly after its second quarter results came out. The company exceeded market revenue expectations for the quarter. But its outlook for ahead failed to impress investors. Big business deals powered revenue growth. More large customers joined the platform. Enterprise growth accelerated during the second quarter. Zoom additionally discussed its stake in AI firm Anthropic to show its AI plan.
The company added new products lately. Still, Zoom gave a weak financial outlook for upcoming periods. That poor forecast caused shares to fall after the announcement.