Zoom reports Q4 net income of nearly $300M

Zoom Video Communications demonstrated a noteworthy financial resurgence, revealing a fiscal fourth-quarter net income of almost $300 million

Zoom Video Communications has made a remarkable financial recovery, posting a fiscal fourth-quarter net income of nearly $300 million, a significant turnaround from the net loss of $104 million recorded in the same period the previous year. 

The American video-conferencing giant reported revenue growth to almost $1.15 billion, up from less than $1.12 billion, indicating robust financial performance.

The company’s founder, Eric Yuan, highlighted Zoom’s commitment to “democratizing” artificial intelligence accessibility. 

In the 2024 fiscal year, Zoom introduced the Zoom AI Companion, a generative AI digital assistant. 

Yuan emphasized that Zoom is making AI accessible to all customers, irrespective of business size, and at no extra charge with a paid license. 

This move aligns with the company’s dedication to innovation and inclusivity, aiming to empower businesses of all sizes with advanced AI capabilities.

Source: Newsroom

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