Zoom Video Communications Inc, on Monday, lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business.
The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time online.
On an adjusted basis, the pandemic winner earned $1.07 per share during the quarter, compared with estimates of 84 cents, according to Refinitiv data. (Reuters)
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