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Zoom's slow revenue increase and expansion beyond videoconferencing. The impact of slow growth on companies like Lowe's and Best Buy. Financial gratitude and the significance of dividends. The power of investing and compounding over time.
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Quick takeaways
- Zoom is focusing on growing its enterprise segment and expanding beyond video conferencing with its Zoom contact center.
- Lowe's and Best Buy are facing challenges in sales due to cautious consumer spending and falling lumber prices, but Best Buy's membership tiers provide support and valuable customer data.
Deep dives
Zoom's Growth Amidst Steady Improvement
Zoom, the pandemic darling, may not be experiencing huge growth, but it is steadily improving in various areas. The company is focusing on growing its enterprise segment while letting the retail customer segment run its course. Their enterprise growth in accounts and annual contract value is showing positive signs, even though it may not be as fast as some of its competitors. Zoom is also expanding beyond video conferencing with its Zoom contact center, which has a lot of potential with its investments in AI.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode