"Zoom Surges on Strong Sales and AI Push, Beats Estimates"

Zoom's shares surged 13% in after-hours trading as the company's fiscal fourth-quarter results surpassed analysts' expectations, with adjusted earnings per share at $1.22 and revenue at $1.15 billion. Despite a modest revenue increase of less than 3% from the previous year, Zoom reported a net income of $298.8 million, a significant improvement from the year-ago quarter. The company's growth has slowed to single digits, partly due to a sales reorganization, but it remains optimistic about its Team Chat migration tool and forecasts adjusted earnings of $1.18 to $1.20 per share on $1.125 billion in revenue for the fiscal first quarter.