Zoom Communications has raised its annual revenue and profit forecasts, driven by the rise in hybrid work trends and enhanced AI integration in its products. The company’s shares increased by 3.7% in after-hours trading. CEO Eric Yuan highlighted significant contributions from new offerings like Phone, Contact Center, and Virtual Agent, which are fueling growth. The demand for AI agents, designed to automate specific tasks, reflects the shift towards technology-driven efficiency. Zoom’s partnership with Nvidia aims to leverage AI Companion 3.0 across sectors, including finance and healthcare. For fiscal 2026, Zoom anticipates revenue between $4.85 billion and $4.86 billion, up from previous forecasts. The third-quarter revenue reached $1.23 billion, surpassing estimates, and adjusted profit per share stood at $1.52, exceeding expectations. This positions Zoom as a leader in meeting the evolving needs of businesses in a digital-first world.
Source link
