Zoom raises annual revenue and profit forecasts, expands share repurchase

Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.

Zoom also said it would expand its share repurchase plan by $1.2 billion.

The company expects revenue in the range of $4.65 billion to $4.66 billion, from its earlier forecast of between $4.63 billion and $4.64 billion.