Zoom's Stock Surges on Strong Q2 Results and Raised Annual Forecast

The video conferencing company reports better-than-expected earnings, boosted by increased enterprise revenue and new AI features.

Zoom's Q2 revenue rose 2.1% year-over-year to $1.16 billion, exceeding analyst expectations.
Adjusted earnings per share were $1.39, significantly higher than the anticipated $1.21.
Enterprise revenue increased by 3.5%, driven by large accounts and new AI-powered tools.
CEO Eric Yuan announced the departure of CFO Kelly Steckelberg after nearly seven years.
Zoom's stock jumped 13%, marking its best trading day since November 2022.