![]() ![]() However, many companies are currently seeing pushback from their employees over return-to-office mandates. Can anything help Zoom get back to its pandemic highs? That remains to be seen.After all, if all your employees are in the same building, you can have face-to-face meetings–no awkward video calls required. Why is return-to-office bad for Zoom? The fewer employees a company has working from home means the less likely it is for a company to require Zoom’s services.But the real problem for Zoom is likely the return-to-office of work forces around the world. Also, Zoom is facing increased competition from the likes of Microsoft Teams, which comes bundled with Microsoft Office subscriptions–which most businesses already pay for anyway. There’s a lot of economic uncertainty due to inflation right now, and enterprise customers usually cut back on service expenses when that happens to save on costs. Why is Zoom’s growth slowing? For a number of factors.But the thing is, Zoom isn’t posting the massive growth as it did during the earlier days of the pandemic–and that has investors thinking the ride could be over soon. Isn’t 8% revenue growth good, though? Sure, no company is going to see 8% revenue growth as a bad thing.Zoom has revenue of $1.1 billion up only 8%. It also slashed its annual revenue forecast from $4.53 billion–$4.55 billion to $4.39 billion–$4.40 billion. The company said its online business was likely to decline by 7% to 8% in 2023. What was so bad about Zoom’s Q2? The main thing that spooked investors was that the company cuts its yearly revenue and profit forecasts, reports Reuters. ![]() As of the time of this writing, ZM stock is down over 11% to $86.35 per share in pre-market trading. What’s happened? Zoom reported its second-quarter earnings results yesterday and the stock sank.The problem? The pandemic might not be over, but work forces are acting like it is. But almost two years later, Zoom stock is taking a beating after the company reported its Q2 2022 results. ![]()
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