Zoom Communications forecast annual 2025 revenue below estimates

Zoom Communications

24/02/2025 23:29

** Shares of video conferencing firm Zoom Communications
 ZM.O  fall 1.5% to $79.55 after market
    ** The company expects fiscal 2026 revenue between $4.79
billion and $4.80 billion, compared with the average analyst
estimate of $4.81 billion, per data compiled by LSEG 
    ** Zoom forecasts first-quarter revenue in the range of
$1.16 billion to $1.17 billion, below estimate of $1.18 billion.
    ** The company sees weak demand for its conferencing tools
as employers gradually move away from hybrid work models 
    ** After U.S. President Donald Trump's return to office
order, big firms such as JPMorgan Chase  JPM.N , Amazon  AMZN.O 
and AT&T  T.N  have also asked employees to return to office
five days a week, hitting demand for Zoom Communications
    ** In 2024, company's shares rose 13.5%

 (Reporting by Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))