Welcome to our dedicated page for Zoom Communications news (Ticker: ZM), a resource for investors and traders seeking the latest updates and insights on Zoom Communications stock.
Zoom Video Communications (ZM) provides a comprehensive news hub for tracking official announcements and market developments in cloud-based collaboration solutions. This resource aggregates press releases, regulatory filings, and third-party analysis related to Zoom's evolving position in the unified communications sector.
Investors and industry observers can monitor critical updates including quarterly earnings reports, product feature enhancements, and strategic partnerships. The curated collection serves as a reliable reference for understanding Zoom's innovation pipeline and competitive responses in video-first communication platforms.
Content highlights include technical advancements in AI-powered meeting tools, enterprise security updates, and adoption trends across education and healthcare verticals. All materials maintain chronological organization for efficient tracking of operational milestones.
Bookmark this page for streamlined access to Zoom's corporate communications and related market commentary. Combine with fundamental analysis tools for complete investment research workflows.
Zoom has announced its intent to acquire Workvivo, an employee communication and engagement platform, to enhance its collaboration offerings. This strategic acquisition aims to support the evolving needs of a hybrid workforce, enabling companies to better engage and connect employees across various settings.
Workvivo, established in 2017, has experienced significant growth, being utilized by notable brands such as Liberty Mutual and Lululemon. The acquisition is expected to close in Q1 FY2024, though financial terms remain undisclosed. This move will integrate Workvivo’s advanced platform with Zoom’s tools, enhancing employee experience. The collaboration is projected to unlock employee potential and promote a cohesive company culture.
Zoom Video Communications (NASDAQ: ZM) announced at Enterprise Connect on March 27, 2023, the expansion of Zoom IQ, a smart companion designed to enhance collaboration by summarizing chats, drafting content, and creating meeting agendas. Leveraging OpenAI technologies, Zoom's federated AI approach integrates its proprietary models with those of leading AI firms and clients. New capabilities include Zoom IQ chat compose, email draft suggestions, and meeting summaries to streamline communications. The company also introduced innovations like Zoom Huddles and Intelligent Director to enhance teamwork.
Zoom Video Communications (NASDAQ: ZM) has partnered with Major League Baseball (MLB) to become the Official Unified Communications Platform. This partnership introduces a league-first Zoom Replay Operations Center, enhancing game transparency for fans with live broadcasts of replay reviews. Starting in the 2023 season, the integration of Zoom Contact Center will transform replay reviews, allowing umpires to communicate effectively during reviews. Additionally, Zoom's technology streamlines collaboration across MLB teams, improving communication and enhancing fan engagement through personalized experiences.
Zoom Video Communications reported fourth quarter revenue of $1,117.8 million, a 4% year-over-year increase, with enterprise revenue rising 18% to $636.1 million. For the full fiscal year, total revenue reached $4,393.0 million, up 7%, while enterprise revenue hit $2,409.3 million, a 24% increase. However, GAAP net loss for Q4 was $(104.1 million), or $(0.36) per share, compared to $490.5 million in the same quarter last year. The company projected first-quarter fiscal 2024 revenue between $1.080 billion and $1.085 billion, with non-GAAP EPS guidance of $0.96 to $0.98.
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