ZoomInfo Stock Soars On Better-Than-Expected Q4 Results

ZoomInfo Technologies Inc. ZI reported better-than-expected fourth-quarter financial results after the bell Monday. Here's a look at the highlights. 

The Details:

ZoomInfo Technologies reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 25 cents by 4% and is unchanged from the same period last year.

The company reported quarterly sales of $316.4 million, beating the analyst consensus estimate of $310.64 million by 1.85% and representing a 4.87% increase over sales of $301.7 million year-over-year.

“We ended the year strong, with better-than-expected sequential revenue growth, while we delivered another year of profitability and free cash flow,” said Henry Schuck, ZoomInfo CEO.

“I am excited to introduce ZoomInfo Copilot, our GenAI-powered solution that turns every seller into your best seller. Copilot delivers AI powered recommendations about who to contact, when to engage them, and even what to say across channels. It gives revenue teams a substantial advantage so they can get to buyers faster,” Schuck added.

ZoomInfo expects first-quarter adjusted operating income of between $115 million and $117 million and earnings per share between 23 cents and 24 cents. The company sees fiscal year 2024 adjusted operating income of between $492 million and $502 million and earnings of between 99 cents and $1.01 per share.

ZoomInfo highlighted the company’s introduction of ZoomInfo Copilot, an AI-powered solution that unifies a company’s go-to-market (GTM) data and applies generative AI to identify insights.

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ZI Price Action: According to Benzinga Pro, ZoomInfo Technologies shares are trading up 19.2% after-hours at $19.10 at the time of publication.

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