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Zoom Shoots More than 11% in Nasdaq After Almost Triple Profit and Improve Forecasts
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Zoom Video Communications shares flew on Wall Street this Tuesday after the company presented better than expected quarterly results and reinforced its commitment to artificial intelligence. The title rose by 11.06 per cent in mid-morning to $87.35, driven by a profit almost 200% higher than a year ago, an income of $1.2 billion and an improvement in its annual sales guide, as well as a new share buyback program for $1 billion.
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