Zoom Reports Strong Q3 Earnings, Driven by AI Innovations and Customer Growth
Zoom Video Communications Inc. witnessed a steady rise in its shares during after-hours trading today, reflecting the company's robust performance in its fiscal third quarter, surpassing market expectations. The online communications giant reported an adjusted net income of $401.2 million, marking a significant increase from the previous year's $332.2 million. Revenue saw a 3% surge from the previous year, amounting to $1.137 billion, outperforming analysts' projections of $1.12 billion in revenue and $1.09 per share in earnings.
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