US Stock Market Move | Annual revenue growth outlook exceeds expectations, Zoom Communications (ZM.US) rises over 8%

On Friday, Zoom Communications (ZM.US) stock rose, with the stock up over 8% to $79.27 as of the time of writing. Prior to this, the company had provided a strong outlook for annual revenue growth that exceeded market expectations, and had raised its fiscal year profit forecast. This indicates that the company's new product suite with embedded generative AI tools is gaining favor among many enterprise customers, who are purchasing more of the company's expanded software product line, thus driving the company to achieve its strongest revenue growth in 11 quarters. In a performance guidance report released on Thursday, Zoom stated that for the fiscal year ending in January of next year, overall revenue is expected to be approximately $4.83 billion. The company expects strong growth in non-GAAP (excluding certain items) profit per share in the range of $5.81 to $5.84. In comparison, Wall Street analysts on average expect revenue of around $48 billion and profit per share of around $5.6. In the second quarter of the 2026 fiscal year, the company's enterprise business sales grew by 7% year-on-year to $730.7 million, exceeding the Wall Street analysts' average expectation of $716.7 million. Zoom stated in the performance report that during this period, 4,274 customers each contributed over $100,000 in revenue.