zoom Shares rose by the most since November 2022 on Thursday after the video chat company reported better-than-expected second-quarter results and raised its full-year forecast.

The stock rose 13 percent and closed at $68.04. For the year as a whole, the shares are still down 5.4 percent, while the Nasdaq gained 17 percent during this period.

Zoom said revenue for the quarter rose 2.1% year over year to $1.16 billion, beating the average analyst estimate of $1.15 billion, according to LSEG. Adjusted earnings per share were $1.39, above the average estimate of $1.21.

For the full fiscal year, Zoom now expects revenue of $4.63 billion to $4.64 billion. In its last forecast, Zoom stated that the upper end of the expected range was $4.62 billion.

While Zoom struggled to re-accelerate growth after the pandemic slowdown, the company has stabilized, reduced customer churn and strengthened its contact center business. CEO Eric Yuan said on the conference call that Zoom landed its largest contact center customer ever in the second quarter.

Nevertheless, shares are down almost 90% since their record high in October 2020.

Net income rose to $219 million, or 70 cents per share, in the second quarter from $182 million, or 59 cents per share, a year earlier.

Zoom also announced that Chief Financial Officer Kelly Steckelberg will leave the company after the company announces its third-quarter results. Yuan said the company has hired a search firm to find a replacement for Steckelberg, who joined Zoom in 2017.