Tuesday, November 22, 2022

Zoom Annual Revenue Forecast Lowered Amid Decline in Online Business, Rising Inflation

Zoom on Monday stated that it had cut its annual revenue forecast amid a decline in online business. The company's CFO Kelly Steckelberg said that Zoom's online business would decline nearly 8 percent during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time online.

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