Zoom forecast fiscal-year revenue of about $4.83 billion and adjusted profit of $5.81 to $5.84 per share, above analyst estimates. Fiscal second-quarter total revenue rose 4.7% to $1.22 billion, with enterprise sales up 7% to $730.7 million, exceeding estimates. The company reported 4,274 customers who each contributed more than $100,000 over the past year. Monthly active users of the AI companion feature expanded fourfold year over year, reaching millions. Shares jumped as much as 9.8%, reflecting stronger guidance and increased adoption of an expanding suite of business software products amid competition.
Zoom Communications Inc. shares soared as much as 9.8% after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products. Revenue will be about $4.83 billion in the fiscal year ending in January, Zoom said Thursday in a statement. Profit, excluding some items, will be $5.81 a share to $5.84 a share. Analysts, on average, projected sales of $4.81 billion and earnings of $5.60 a share.
Fiscal second-quarter enterprise sales increased 7% to $730.7 million, compared with analysts' average estimate of $716.7 million. Zoom said it had 4,274 customers in the period who contributed more than $100,000 each over the past year. The company has been working the past few years to diversify into a platform of business tools, including an AI assistant. That AI companion feature now has millions of monthly active users, up four times compared with the prior year, Zoom said in a presentation.
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