Technology

ZoomInfo shares surge on better-than-expected This autumn report and outlook

Cloud CRM challenger ZoomInfo, which went public final summar, this afternoon reported This autumn income and revenue that topped analysts’ expectations, and an outlook for this quarter’s income, and the complete yr’s, that was larger as properly. 

The report despatched ZoomInfo shares larger by 11% in late buying and selling. 

CEO and founder Henry Schuck stated the corporate “ended the yr robust, delivering one other quarter of file outcomes, highlighted by an industry-leading mixture of progress and profitability.”

Added Schuck, “Our success is pushed by the success of our clients, as we proceed to assist firms of all sizes, throughout all industries modernize their go-to-market efforts with our increasing knowledge, insights, and automation platform.”

Income within the three months led to December rose 53%, yr over yr, to $139.7 million, yielding EPS of 12 cents a share.

Analysts had been modeling $130 million and 10 cents per share.

ZoomInfo stated it had over 20,000 clients at yr’s finish, of which 850 have been bringing in additional than $100,000 in annual contract worth. The corporate stated its annual income retention fee was 108%.

For the present quarter, the corporate sees income of $144 million to $146 million, and EPS in a variety of 10 cents to 11 cents. That compares to consensus for $136 million and 10 cents per share.

For the complete yr, the corporate sees income in a variety of $645 million to $655 million, and EPS of 47 cents to 49 cents. That compares to consensus of $602 million and 49 cents per share.

ZoomInfo got here public final June. For extra on the corporate’s enterprise, see right here. 

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