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Zoom reports $1.28 billion quarterly revenue, cautious EPS outlook

Zoom reported second-quarter revenue of $1.28 billion, up 4.9% year over year and slightly above the $1.27 billion estimate cited by Bloomberg. Enterprise revenue rose 7.8% to $787.5 million. Zoom's forecast for third-quarter adjusted earnings per share was below estimates, while its sales outlook was about in line with analysts' expectations.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Products Infrastructure
Products Infrastructure

Oxide raises $445M Series D to fund inventory and manufacturing

Oxide says it has raised a $445M Series D led by Eclipse to fulfill its order backlog, accept additional demand and expand manufacturing capacity. Existing investors including USIT, Riot Ventures and Jane Street participated, whil...

Products
Products

Microchip acquires VORAGO's radiation-resistant chip business

Microchip Technology announced Friday that it has acquired VORAGO Technologies, a privately held supplier of radiation-hardened and radiation-tolerant microcontrollers and microprocessors, RTTNews reported. The acquisition adds VO...

Infrastructure Products
Infrastructure Products

Deno team joins Cloudflare and sets timeline to close Deploy

Deno announced that its entire team is joining Cloudflare and will shift future development to a shared platform with the Workers and Durable Objects teams. Deno Deploy will operate for six more months before shutting down, with m...

Infrastructure Products
Infrastructure Products

Xona prepares six-satellite launch to enable precision navigation beta

Xona Space Systems plans to begin customer beta tests of its Pulsar navigation and timing service after a SpaceX rocket launches six satellites later this month, TechCrunch reported. Two satellites built entirely by Xona are inten...

Policy Products
Policy Products

US sanctions on ICC restrict service providers, with software exemptions

The United States imposed sanctions on the International Criminal Court on Friday, extending restrictions beyond individual judges and prosecutors to the institution, Outlook India reported, citing Reuters. The measures could affe...

AI Products
AI Products

Cloudflare releases Clef-omni and cuts Clef-flash price and context

Cloudflare released Clef-omni, a decision model that accepts audio, video, images and text in one API call, with open weights available on Hugging Face. The company prices it at $0.15 per million input tokens. The model scores ch...