ZoomInfo Technologies Beats Q3 Expectations, Expects Growth in Q4

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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.

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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.

Frequently Asked Questions (FAQs) Related to the Above News

What were ZoomInfo Technologies' financial results for the third quarter?

ZoomInfo Technologies reported earnings per share (EPS) of $0.26, surpassing the consensus estimate of $0.25. The company's revenue for the quarter grew by 9% year-over-year, reaching $313.8 million, beating the consensus estimate of $310.46 million.

How did ZoomInfo Technologies perform in a challenging environment?

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. ZoomInfo achieved continuous profitable growth while investing in customer success, data quality improvements, and enhancing artificial intelligence (AI) functionality for customers.

What are ZoomInfo Technologies' expectations for the fourth quarter?

For 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. The company anticipates revenue to range from $309 million to $312 million, compared to the consensus estimate of $310.86 million.

What are ZoomInfo Technologies' forecasts for the full year?

ZoomInfo forecasts an EPS range of $0.99 to $1.00 for the full year, consistent with the consensus estimate of $0.99. The company expects total revenues to fall within the range of $1.232 billion to $1.235 billion, slightly above the consensus estimate of $1.23 billion.

How has ZoomInfo Technologies demonstrated its ability to adapt and deliver strong financial results?

ZoomInfo Technologies has consistently delivered strong financial results and adapted 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.

What is driving ZoomInfo Technologies' growth in revenue and profitability?

As businesses increasingly rely on accurate data and analytics solutions, ZoomInfo's robust growth in revenue and profitability stems from its ability to exceed expectations and provide innovative products. By delivering value to shareholders and helping customers thrive in a rapidly evolving market, ZoomInfo remains a global leader in business information and data analytics.

Is ZoomInfo Technologies well-prepared for the future?

Yes, with a positive outlook for the future, ZoomInfo Technologies remains well-positioned to capitalize on emerging opportunities and solidify its position as a global leader in business information and data analytics.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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