page contents ZoomInfo shares surge on better-than-expected Q4 report and outlook – The News Headline

ZoomInfo shares surge on better-than-expected Q4 report and outlook

Cloud CRM challenger ZoomInfo, which went public final summar, this afternoon reported This autumn earnings and benefit that crowned analysts’ expectancies, and an outlook for this quarter’s earnings, and the overall 12 months’s, that used to be upper as neatly. 

The file despatched ZoomInfo stocks upper by means of 11% in past due buying and selling. 

CEO and founder Henry Schuck mentioned the corporate “ended the 12 months robust, handing over some other quarter of document effects, highlighted by means of an industry-leading mixture of expansion and profitability.”

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

Income within the 3 months led to December rose 53%, 12 months over 12 months, to $139.7 million, yielding EPS of 12 cents a proportion.

Analysts were modeling $130 million and 10 cents in keeping with proportion.

ZoomInfo mentioned it had over 20,000 consumers at 12 months’s finish, of which 850 have been bringing in additional than $100,000 in annual contract worth. The corporate mentioned its annual earnings retention fee used to be 108%.

For the present quarter, the corporate sees earnings of $144 million to $146 million, and EPS in a spread of 10 cents to 11 cents. That compares to consensus for $136 million and 10 cents in keeping with proportion.

For the overall 12 months, the corporate sees earnings in a spread of $645 million to $655 million, and EPS of 47 cents to 49 cents. That compares to consensus of $602 million and 49 cents in keeping with proportion.

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

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