12 Most Profitable Growth Stocks To Invest In

8.  Zoom Video Communications, Inc. (NASDAQ:ZM)

5-Year Revenue CAGR: 58.14%

TTM Net Income: $875.37 million

Number of Hedge Fund Holders: 39

Another one of the most profitable growth stocks, Zoom Video Communications, Inc. (NASDAQ:ZM) offers a unified platform for communication and collaboration, combining tools like video meetings, phone, chat, and content sharing. Key categories include core communications, AI, employee and customer experience, and a developer ecosystem.

Some of its products include Zoom Meetings for HD video calls, Zoom Phone for cloud-based phone systems, and Zoom Team Chat for team collaboration. AI-driven tools like Zoom AI Companion enhance productivity, while Zoom Rooms and Workspace Reservation optimize meeting and workspace management.

For customer engagement, Zoom (NASDAQ:ZM) provides solutions like Zoom Contact Center and Zoom Webinars for virtual events. Its developer platform allows easy app integration, and the company’s infrastructure ensures high performance across devices and networks.

At Zoomtopia 2024, Zoom (NASDAQ:ZM) introduced new AI-driven innovations for Zoom Workplace and Zoom Business Services, aiming to transform team collaboration and productivity.

Some important updates include Zoom AI Companion 2.0, which offers persistent access, improved context understanding, web connectivity, and task automation across Zoom Workplace. A custom add-on for AI Companion will allow personalized experiences and integration with third-party apps, priced at $12 per user per month, launching in 2025.

Zoom Tasks will assist users in managing their workflow by detecting and recommending tasks. Additions to Zoom Phone and Zoom Docs will further improve meeting efficiency and document collaboration. Zoom (NASDAQ:ZM) also introduced industry-specific solutions for healthcare, education, and frontline workers, all supported by AI to optimize work processes.