(Reuters) – Zoom Video Communications Inc on Monday forecast annual revenue below Wall Street estimates, as demand for its video-conferencing services slows down in the face of economic uncertainty.
The company expects revenue between $4.44 billion and $4.46 billion for fiscal 2024, compared with analysts’ average estimate of $4.6 billion, according to Refinitiv IBES data.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini Ganguli)
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