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Brody Ford
Zoom Video Communications Inc. declined about 6% in extended trading after reporting its slowest quarterly sales growth on record and slightly reduced its full-year revenue forecast.
Revenue increased 5% to $1.1 billion, in line with analysts’ average estimate. For the full year, the software company reduced its sales forecast to as much as $4.38 billion from its August projection of as much as $4.4 billion.
Zoom's Sales Growth Slows Even as Enterprise Business Stays Steady – Bloomberg
