Summary of the Article: Zoom’s Enterprise Side Looks Strong
Key Points:
- The consumer side of Zoom might not be as strong as before, but the enterprise side is flourishing.
- Zoom executives have decided to raise their forecast due to the robustness of the enterprise segment.
Hot take:
While Zoom might not be the go-to choice for casual video chats anymore, it is certainly making a splash in the corporate world. With the consumer market facing some challenges, Zoom’s focus on the enterprise side seems to be paying off. Executives are confident enough to increase their forecast, which is a positive indication of the company’s future prospects. So, get ready for some serious Zooming in the business world!
Original article: https://www.cnbc.com/2023/08/21/zoom-zm-q2-earnings-report-2024.html