In its recently reported fourth-quarter results, Zoom Video Communications Inc. put up strong numbers, beating revenue expectations by $17 million and operating income by $32 million.
Looking ahead to fiscal year 2025, Zoom management projected revenue of about $4.6 billion, representing revenue growth of 1.6%, in line with Wall Street expectations.
It has been a busy few days this week at WebexOne in Anaheim, where Cisco Systems Inc. revealed a number of new products and solutions for its conferencing and collaboration unit, including devices powered by Nvidia Corp.’s artificial intelligence engine.
Collaboration services provider Zoom Video Communications Inc. held its annual user event, Zoomtopia, this week in its home city of San Jose, California.
This has become the event for the company to set its vision for the industry and launch new products. In 2022, Zoom used the conference to boldly launch its Mail and Calendar features within the Zoom client.
No stranger to hype, Zoom Video Communications Inc. is jumping on the generative artificial intelligence bandwagon with both feet. After introducing AI in early June for composing team chats and meeting summaries, the company on Tuesday expanded that commitment in two areas.
At the end of last month, Cisco Systems Inc. invited a small group of analysts to tour its facilities in Oslo, Norway, the home of the Cisco team responsible for its device portfolio — aka “Video Valley” — primarily used with Webex software.