Zoom stock fell significantly after its second quarter results were released. The company beat market revenue expectations for the period. But its outlook for ahead failed to impress investors. Big business deals drove revenue growth. Additional large customers joined the platform. Enterprise growth accelerated during the reporting period. Zoom additionally highlighted its stake in AI firm Anthropic to show its AI strategy.
The company added new products recently. Still, Zoom provided a soft financial outlook for future periods. That soft guidance led to shares to decline after the announcement.