Zoom raises annual profit forecast

(Reuters) - Zoom Video Communications Inc on Monday raised its annual profit forecast, betting on resilient demand for its video-conferencing service as more businesses transform to a hybrid work model.

The company now expects annual adjusted profit per share between $3.91 and $3.94, compared with $3.66 to $3.69 forecast earlier.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)