Zoom raises annual forecasts on AI tool demand
Zoom Communications raised its fiscal 2027 revenue and profit outlook following strong first-quarter results that beat analyst expectations. The company is betting on integrated AI tools to attract enterprise customers and has authorized an additional 1 billion dollar share buyback program.
ZOOM COMMUNICATIONS INC raised its annual revenue and profit forecasts after integrating AI features to attract enterprise customers. The company now expects fiscal 2027 revenue between $5.08 billion and $5.09 billion, up from its prior forecast of $5.07 billion to $5.08 billion. This outlook shift suggests Zoom is successfully pivoting from a pandemic-era utility to an AI-driven communications suite.
### AI Integration Drives Enterprise Demand Zoom shares rose more than 7% following the updated guidance announced on May 21. The platform is deploying AI agents and companions across its video and communication services to increase its appeal to corporate clients. These tools aim to stabilize spending among both enterprise and consumer segments.
