ZoomInfo Technologies, a leading provider of business information and data analytics solutions, has announced its impressive financial results for the third quarter of the year. The company reported earnings per share (EPS) of $0.26, surpassing the consensus estimate of $0.25. Additionally, ZoomInfo’s revenue for the quarter grew by 9% year-over-year, reaching $313.8 million, beating the consensus estimate of $310.46 million.
Despite operating in a challenging environment, ZoomInfo’s CEO, Henry Schuck, expressed satisfaction with the company’s performance. He highlighted the exceptional execution by the team and the ability to exceed financial guidance. Schuck emphasized the continuous profitable growth of the company while simultaneously investing in customer success, improving data quality, and enhancing artificial intelligence (AI) functionality for customers.
Looking forward to the fourth quarter, ZoomInfo expects EPS to be in the range of $0.24 to $0.25, slightly below the consensus estimate of $0.25. Similarly, the company anticipates revenue to range from $309 million to $312 million, compared to the consensus estimate of $310.86 million.
For the full year, ZoomInfo forecasts EPS to be between $0.99 and $1.00, consistent with the consensus estimate of $0.99. The company expects its total revenues to fall within the range of $1.232 billion to $1.235 billion, slightly above the consensus estimate of $1.23 billion.
ZoomInfo Technologies has consistently demonstrated its ability to deliver strong financial results and adapt to challenging circumstances. The company’s focus on customer satisfaction and continuous investment in cutting-edge technology, such as AI, has ensured its position as a leader in the industry.
As businesses around the world increasingly rely on accurate data and analytics solutions, ZoomInfo’s robust growth in revenue and profitability is a testament to its success. By exceeding expectations and providing innovative products, the company continues to deliver value to its shareholders while helping customers thrive in a rapidly evolving market.
With a positive outlook for the future, ZoomInfo Technologies remains well-positioned to capitalize on emerging opportunities and further solidify its position as a global leader in business information and data analytics.
