Zoom raises annual revenue forecast
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Zoom Video Communications has increased its revenue forecast for fiscal 2025, driven by strong demand for its video conferencing software and expansion of its product offerings, as more clients adopt hybrid working models.
November 25, 2024 | 9:30 pm
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Zoom Video Communications has raised its revenue forecast for fiscal 2025, indicating strong demand for its services and successful product expansion. This is likely due to the increasing adoption of hybrid work models.
The increase in revenue forecast suggests that Zoom is experiencing strong demand and successful product expansion, which are positive indicators for its financial performance. The adoption of hybrid work models further supports this growth, likely leading to a positive impact on Zoom's stock price in the short term.
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