Zoom Video Communications, Inc. (NasdaqGS:ZM) is looking for M&A. Kelly Steckelberg, Chief Financial Officer said, "We are using some of our cash in a buyback. Our Board approved a buyback 2 quarters ago up to $1 billion. And we bought, through first quarter, we bought $132 million of stock back. So we think, that isn't necessarily a long-term strategy, but we felt like there was an opportunity here that we couldn't ignore with the stock price where it was. And then the other reason is, it's absolutely for M&A. That's exactly what it's sitting there for as well as continuing to invest organically as quickly as we can. We are trying to hire engineers as quickly as we need to and making sure that we invest as we can. And I do think there's going to continue to be opportunities for more M&A as the market uncertainty likely continues and the cash will serve us well there, I'm sure".