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Zoom reported a fiscal third-quarter revenue of $1.18 billion, reflecting a 4% year-over-year growth, and adjusted earnings per share of $1.38, surpassing expectations. The company anticipates continued single-digit growth, projecting fourth-quarter earnings of $1.29 to $1.30 per share. Additionally, Zoom plans to release a premium Custom AI Companion and is rebranding to Zoom Communications Inc. to align with its evolution into an AI-first work platform.
Zoom has partnered with AI medical scribe provider Suki to enhance its telehealth services, allowing doctors to automate note-taking during patient consultations. This collaboration comes as the demand for AI tools in healthcare surges, with Suki recently securing $70 million in funding. Other players in the market include Abridge and Microsoft’s Nuance, as healthcare systems seek to streamline administrative tasks.
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