Zoom Video Communications Says It Expects Online Revenues To Be About $480M In Q2 And Be Relatively Flat Thereafter In FY24
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications expects its online revenues to reach $480 million in Q2 and remain relatively flat thereafter in FY24, according to a recent conference call.
May 22, 2023 | 9:22 pm
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Zoom expects Q2 online revenues of $480 million and flat growth in FY24, potentially indicating a slowdown in growth.
Zoom's projection of flat growth in FY24 may indicate a slowdown in the company's growth, which could negatively impact its stock price in the short term. Investors may be concerned about the company's ability to maintain its rapid growth, leading to a potential decrease in stock price.
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