HomeEconomyZoom boosts annual performance forecast for hybrid work facilitation Economy Zoom boosts annual performance forecast for hybrid work facilitation By hossam a May 22, 2023 0 14 views Share FacebookTwitterPinterestWhatsApp Dollar /CNY -0.% to/remove from watchlist Add to watch list Add location Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price point value : Leverage: 1:1 1: 1: 1: 25 1: 251: 16 1: 47 1: 46 1: 52 Committee : 2024 632 Create New Watchlist Create 4801000 400 Create a new holding portfolio to add create480 + add another position to close Author: Tiyashi Datta (Reuters) – Zoom Video Communications Inc raised full-year revenue and forecast on Monday even as growth slows due to a pandemic boom and business spending slows amid a tough economy . shares pared gains and were up 0.7% in after-hours trading, after rising nearly 5% earlier. Zoom became a household name during the lockdown, but growth has cooled since then as offices reopen and competition heats up from the deep – rich Opponents include 473100 Microsoft Corporation (NASDAQ: 99MSFT) team at Cisco (NASDAQ: 100CSCO) for Webex and Salesforce(NYSE :200CRM ) Slack. Three Jose, California-based Zoom raised its annual revenue forecast to $4. 10 Billion and $4. 11 billion, an increase of only about 2% over last year. Its earlier forecast was $4. 01 billion to $4. billion. Online revenue down 8% to $49.4 million for the quarter ended April . Zoom expects it to reach nearly $46 Millions in Q2, relatively flat financials since then 52. RBC analyst Rishi said: “I think the stock is paring gains in corporate implied guidance, which suggests it will continue to decelerate to about 6 % growth.” Jaluria. The quarterly sales of the enterprise business increased % to $99 million. Zoom’s online customers range from individuals to SMEs, while enterprise customers include larger businesses. The company now expects annual adjusted EPS in the range of $4. and $4, compared to an earlier estimate of $4. to $4.. Q1 revenue beat Wall Street expectations, but The slowest quarterly growth was recorded at 3%. On an adjusted basis, the company earned $1. 1st quarter per share, above estimate 25 cents, according to Refinitiv IBES. Share FacebookTwitterPinterestWhatsApp Previous articleCannes Film Festival: Sam Levinson fights back tears after 'Idol' premiereNext articleAnna Wintour and Bee Carrozzini toast drama season's best moments at intimate dinner hossam a RELATED ARTICLES Economy US Debt: Heed These Warnings Before Celebrating a Deal May 29, 2023 Economy China urges Japan to end chip export curbs May 29, 2023 Economy Dollar rises as sticky inflation underpins Fed rate hike bets, debt-ceiling deal boosts optimism May 29, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Skilled Cats Frustrated Anime Again Today Previewed in Second Promo Video May 29, 2023 US Debt: Heed These Warnings Before Celebrating a Deal May 29, 2023 'Succession' series finale: The Roy family saga ends surprisingly blind May 29, 2023 iQOO Neo 7 Pro unveiled on Geekbench May 29, 2023 Load more Featured NEWS Ethereum (ETH) Dips Consecutively And Falls Below $1,800 August 20, 2022 Woodward, fire director of underperforming Rangers August 15, 2022 we need to talk about faux fur January 27, 2023 Bitcoin Plunge Under $28,000 Only Temporary? This Metric Suggests So May 9, 2023 Load more
