Shares: Baidu surprises with strong growth and exceeds revenue expectations

Chinese tech firm Baidu reported impressive revenue growth of 15% year-over-year for the second quarter of 2023, supported by the advertising industry. This growth marked the strongest quarterly growth in the last two years. Baidu shares, which trade on the U.S. stock market, rose more than 4% in premarket trading. Q2 results were slightly higher…

Zoom Video Communications reports strong second quarter 2023 results

Zoom Video Communications, Inc. (NASDAQ: ZM) announced its financial results for the second quarter of fiscal 2023, which ended July 31, 2023. Total revenue for the quarter was $1.14 billion, an increase of 3.6% year-over-year. Sales in the Enterprise segment even rose by an impressive 10.2% year-on-year. Operating margins reached 15.6% under GAAP (generally accepted…