Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring 
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Zoom Video Communications raised its annual revenue forecast by 30 percent after its revenue rose 355 percent to US$663.5 million, exceeding analysts' average estimate of US$500.5 million on Aug 31.
The company raised its annual revenue target for the fiscal year 2021 to US$2.37 billion to $2.39 billion, from the previous $1.78 billion to US$1.80 billion.
The increased revenue was partly due to converting more of its free user base to paying subscribers.
Zoom now has 370,200 institutional customers with over 10 employees, up about 458 percent from the same quarter last year.
Shares of the company rose 5 percent after the bell and hit a record high in regular trading.
The shares have increased almost four-fold this year.
Net income attributable to common stockholders rose to US$185.7 million, or 63 cents per share, from US$5.5 million, or 2 cents per share, a year earlier.
Excluding items, the company earned 92 cents per share, surpassing the average analyst estimate of 45 cents.
Video-conferencing platforms have become a vital part of day-to-day life with people stuck at home under coronavirus restrictions.
It is being used for work, school, and socializing.
However, there were security and privacy issues with Zoom, prompting many companies and countries to curb the use of the platform.
