Zoom Video Communications issued a quarterly profit forecast that came in below market expectations, sending its shares down 3.8% in after-hours trading, according to a Techub News brief citing Tech in Asia. The update points to investor concern over the company’s near-term earnings outlook rather than any announced change to its product roadmap. At the same time, Zoom is stepping up investment in artificial intelligence features as it tries to support growth and respond to competition. Those efforts include meeting-focused AI tools and digital avatar products. The company’s latest guidance and its AI spending push arrive as Zoom continues to look for new ways to expand beyond its core video conferencing business.
Zoom Video Communications issued a quarterly profit forecast below market expectations, and its shares fell 3.8% in after-hours trading, according to Techub News, which cited Tech in Asia.
Zoom is also investing heavily in AI features, including meeting AI tools and digital avatars, as it looks to drive growth and respond to competition.
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