Zoom shares are trading higher after the company reported better-than-expected Q1 results and issued strong guidance. The company also reported an increase in enterprise customers and a decline in churn.
Portfolio Pulse from Benzinga Newsdesk
Zoom reported better-than-expected Q1 results and strong guidance, leading to a rise in its share price. The company also saw an increase in enterprise customers and a decline in churn.
May 22, 2023 | 8:47 pm
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Zoom's better-than-expected Q1 results and strong guidance led to a rise in its share price, with increased enterprise customers and reduced churn.
Zoom's better-than-expected Q1 results and strong guidance indicate a positive outlook for the company. The increase in enterprise customers and decline in churn show improved customer retention and growth, which are likely to boost the stock price in the short term.
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