Zoom raises annual revenue and profit forecasts, expands share repurchase

Quick Summary:

:Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.

Shares of the San Jose, California-based company were marginally down in extended trading after closing up over 3.5 per cent.

It raised its forecast for full-year adjusted earnings per share to a range of $5.41 and $5.43 per share, compared with the $5.29 to $5.32 previous range.

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Category: EconomyBusiness

Markets: Singapore

Topics: Forecast Zoom Adjusted Billion Raised Revenue Company Share Range Online Video

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 05:12:28 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23852006

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