Zoom Video Communications (NASDAQ: ZM) has reported strong third-quarter results, surpassing expectations with a revenue of $1.23 billion, a 4.4% year-over-year increase. Key factors include robust enterprise engagement and effective cost management, leading to a non-GAAP operating income of $507 million, or a 41.2% margin. The company raised its full-year guidance and authorized an additional $1 billion in share repurchases.
In line with its financial performance, Zoom is expanding its product range with a focus on artificial intelligence. The introduction of AI Companion 3.0 enhances everyday workflows, and significant enterprises like Oracle and Salesforce have adopted the Custom AI Companion for deeper integration. The recent acquisition of BrightHire aims to streamline hiring processes, demonstrating Zoom’s commitment to creating a comprehensive work platform. New AI-driven features in their Contact Center have led to significant growth, further positioning Zoom beyond traditional video conferencing into essential business functions.
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