💨 Abstract

Zoom Communications forecasts full-year and Q1 revenue below Wall Street estimates, citing weakening demand for conferencing tools as employers shift towards office work. Shares dropped 2.5% to $79.40. Rapid growth during the pandemic is questioned due to doubts on demand sustainability. Competition from Microsoft's Teams is also a concern. The company expects fiscal 2026 revenue between $4.79 billion and $4.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io