Zoom Communications Inc. (NASDAQ:ZM) announced its first-quarter financial results on Thursday, reporting revenue of $1.24 billion, which exceeded the consensus estimate of $1.22 billion. The company's adjusted earnings for the quarter were $1.55 per share, surpassing analyst expectations of $1.42. CEO Eric Yuan highlighted significant growth in user adoption of Zoom's AI features, noting a 184% increase in AI Companion paid users and 1.5 million licensed users of My Notes within four months of its launch. Following these positive results, Zoom raised its full-year revenue guidance to between $5.08 billion and $5.09 billion, slightly above the previous estimate of $5.07 billion. Additionally, the company anticipates adjusted earnings of $5.96 to $6 per share, up from earlier estimates of $5.87. In response to these results, analysts have adjusted their price targets for Zoom stock, with several maintaining a Buy rating and increasing targets significantly. As a result, Zoom shares surged 10.4% to $106.89 on Friday.