ZoomInfo Shares Jump 24.4% After Fourth-Quarter Results Beat Revenue Expectations
Shares of sales intelligence platform ZoomInfo experienced a significant boost in after-market trading, surging by 24.4%, following the release of its fourth-quarter financial results. The company’s revenue narrowly exceeded analysts’ expectations, while its non-GAAP operating profit also surpassed forecasts. Additionally, ZoomInfo generated robust free cash flows. Although the revenue guidance for the upcoming year suggests a potential slowdown in growth, it was generally in line with expectations. These positive results indicate that ZoomInfo is performing better than anticipated, particularly considering the challenges the company has faced over the past year and concerns surrounding the impact of AI on its business.
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