Zoom Projects Sales Growth in Positive Sign for New AI Tools
Zoom Communications Inc. gave a stronger-than-expected annual outlook for sales growth, and raised its fiscal-year forecast, suggesting customers are buying more of the company’s expanded line of software products.Revenue will be about $4.83 billion in the fiscal year ending in January, Zoom said Thursday in a statementBloomberg Terminal. 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....
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