Zoom Communications Releases Bleak Revenue Projections Due to A Slowdown in Demand
On Monday, Zoom Communications reported lower-than-expected revenue for the first quarter and the entire year as the firm navigates a landscape where employers rapidly abandon hybrid work patterns. At US$79.40, the company’s shares were down 2% during extended trading. Although Zoom’s user base and subscriptions proliferated during the pandemic-induced lockdowns, there are questions about whether…