Zoom Communications reported fiscal second-quarter revenue of $1.28 billion, above the $1.27 billion analyst estimate and $1.22 billion a year earlier, extending a 15-quarter streak of revenue beats. Enterprise revenue rose 7.8% year over year to $787.5 million, while monthly active users of Zoom Workplace AI features increased 125%. The company said its federated AI strategy combines third-party models, including Anthropic’s models, with proprietary small language models to improve speech quality, reduce latency, preserve customer trust and maintain margin discipline. Zoom raised full-year revenue guidance to $5.085 billion-$5.095 billion, although shares fell after management gave flat online-revenue expectations. Investors and analysts also continued to assess Zoom’s $51 million Anthropic investment, its potential value ahead of an expected IPO, and the impact of the Common Room acquisition.