Zoom stock dropped significantly after its second quarter results came out. The company beat market revenue expectations for the quarter. But its future forecast disappointed investors. Large enterprise contracts powered revenue growth. More large customers signed up. Enterprise growth sped up during the second quarter. Zoom also discussed its investment in AI firm Anthropic to demonstrate its AI plan.
The company launched new products lately. Still, Zoom gave a weak financial outlook for upcoming periods. That poor forecast caused shares to decline after the report.