Zoom Video Communications raised its forecast for fiscal 2025, projecting revenue between $4.65 billion and $4.66 billion, driven by robust demand and hybrid work trends.
Despite a strong performance, Zoom's shares dipped 3% post-earnings, attributed to profit-taking ahead of the Thanksgiving holiday, as traders reacted to a prior rally.
Enterprise revenue, increasing by 6% and comprising 59% of total revenue, reflects Zoom's successful transition toward an enterprise-focused customer base, highlighted by CFO Michelle Chang.
The competitive landscape remains challenging, with rivals like Microsoft's Teams and Cisco's Webex vying for market share, putting pressure on Zoom's growth strategy.
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