Why Is Zoom Video (ZM) Down 12% Since Last Earnings Report?

Zoom Q1 Earnings Beat, Enterprise Customers Drive Revenues Quarter Details In the first quarter, as part of an effort to improve the customer experience and drive greater efficiency in operations, the company transitioned 26,800 Enterprise customers with low annualized revenue run rate (ARR) to Online. In the quarter, Zoom landed a major telecom customer on Workvivo, who bought approximately 100,000 seats. Workvivo was named Meta Platform's only preferred migration partner for its customers as it retires Wo ...