Zoom raises revenue forecast on growing demand for AI tools in hybrid work

Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and said Kelly Steckelberg would step down as its CFO.

Shares of the video-conferencing provider were trading 3 per cent higher after the bell.

Zoom has been doubling down on efforts to integrate artificial intelligence into its products and expand its range of services and leverage the growing trend of hybrid work.