Zoom Video Communications has raised its fiscal 2025 revenue forecast to between $4.65 billion and $4.66 billion, an increase attributed to strong demand amid the continuing shift towards hybrid work environments. The company's efforts to integrate artificial intelligence into its services have solidified its position within the market, making its video conferencing tools essential for client operations. Despite this growth, competition remains fierce from platforms like Microsoft's Teams and Cisco's Webex.
The company also announced a notable expansion of its share repurchase program by an additional $1.2 billion. Adjusted earnings per share forecasts for the full year were increased to between $5.41 and $5.43, compared to previous estimates. Zoom’s performance included reported revenue of $1.18 billion for the third quarter, exceeding analysts' expectations. The expected revenue for the fourth quarter is in the range of $1.17 billion to $1.18 billion, aligning with current estimates.
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