Zoom Has Biggest Rally in a Year After Strong Forecast

Zoom Communications Inc. shares soared after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products.

Revenue will be about $4.83 billion in the fiscal year ending in January, Zoom said Thursday in a statement. Profit, excluding some items, will be $5.81 a share to $5.84 a share. Analysts, on average, projected sales of $4.81 billion and earnings of $5.60 a share.