Zoom Video Communications Inc - ZM STOCK NEWS

Zoom Video Communications has announced that its AI Companion has reached a milestone with over 125,000 accounts and one million meeting summaries generated. The company also revealed new capabilities and expanded language support for AI Companion.

Lumen Technologies expands its partnership with Zoom to provide a simple and secure collaboration solution for businesses. The collaboration combines Lumen's reliable network infrastructure and phone services with Zoom's cloud phone system, offering benefits such as reliability, simplified integration, expansive reach, cost efficiency, and 24/7 support.

Censia appoints Greg Tomb as President, redefining the future of AI in the HR Tech industry.

Zoom expands platform with breakthrough product, Zoom Docs, a modular AI-powered workspace for documentation, project and data management, and creating tables, wikis, tasks, and more.

Zoom announces the inclusion of Zoom AI Companion at no additional cost for paid customers, expanding its generative AI offering across the platform. The company aims to improve collaboration and productivity by delivering real-time digital assistant capabilities. Zoom's federated approach to AI incorporates its own language models and third-party models, providing high-quality results and lowering costs. Zoom also prioritizes customer privacy, ensuring that AI features are optional and giving users control and visibility. AI Companion enhances Zoom Meetings, Team Chat, Whiteboard, and Email, with additional features planned for the future. Users can expect to receive real-time feedback on their presence in meetings and coaching on conversational and presentation skills. AI Companion will also assist with drafting messages, summarizing chat threads, generating and categorizing ideas on the Whiteboard, and providing email suggestions. In spring 2024, users will have a conversational interface to interact with AI Companion and receive help with pre-meeting preparation, in-meeting support, and post-meeting tasks. The interface will integrate with existing workflows and provide an easy-to-use experience.

Zoom Video Communications, Inc. reports second quarter total revenue of $1,138.7 million, up 3.6% YoY. Enterprise revenue increases by 10.2% YoY. GAAP operating margin is 15.6% and non-GAAP operating margin is 40.5%. Operating cash flow grows by 30.6% YoY to $336.0 million. Number of customers contributing more than $100,000 in trailing 12 months revenue increases by 17.8% YoY.

Zoom Video Communications, Inc. (NASDAQ: ZM) to Release Q2 FY 2024 Financial Results on August 21, 2023