Zoom shares jump as strong enterprise demand, AI growth drive Q1 beat

Zoom Technologies Inc (NASDAQ:ZOOM) reported first quarter results that topped Wall Street expectations, driven by stronger enterprise demand and rapid adoption of its AI features, sending shares up roughly 12% in Friday morning trading. The company posted adjusted earnings per share of $1.55, ahead of analyst estimates of about $1.41, while revenue rose to $1.24 billion versus consensus expectations of $1.22 billion.