Zoom Revenue Forecast
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Zoom to Lay Off 1,300 Workers as Firm Cuts 15 Percent of Workforce Amid Slowing Demand
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
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Zoom Annual Revenue Forecast Lowered Amid Decline in Online Business, Rising Inflation
Zoom on Monday stated that it had cut its annual revenue forecast amid a decline in online business. The company's CFO Kelly Steckelberg said that Zoom's online business would decline nearly 8 percent during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time o...
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"Pandemic Darling" Zoom Reports Slowest Quarterly Revenue Growth
Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading.
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Zoom Q2 Earnings Exceed Expectations But Growth Forecast Disappoints Investors
Zoom Q2 earnings report marks its first billion-dollar revenue quarter, but the company signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, which sent its shares tumbling 11 percent.
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Zoom to Lay Off 1,300 Workers as Firm Cuts 15 Percent of Workforce Amid Slowing Demand
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
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Zoom Annual Revenue Forecast Lowered Amid Decline in Online Business, Rising Inflation
Zoom on Monday stated that it had cut its annual revenue forecast amid a decline in online business. The company's CFO Kelly Steckelberg said that Zoom's online business would decline nearly 8 percent during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time o...
-
"Pandemic Darling" Zoom Reports Slowest Quarterly Revenue Growth
Zoom Video Communications Inc raised its full-year adjusted profit forecast on Monday, betting on robust demand from large businesses in a hybrid work environment, sending shares of the company up 15% in extended trading.
-
Zoom Q2 Earnings Exceed Expectations But Growth Forecast Disappoints Investors
Zoom Q2 earnings report marks its first billion-dollar revenue quarter, but the company signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, which sent its shares tumbling 11 percent.
