DexCom earnings beat by $0.03, revenue topped estimates
VANCOUVER, Washington - ZoomInfo Technologies Inc. (NASDAQ:ZI) reported better-than-expected first quarter results and raised its full-year guidance, but shares fell 2.8% in after-hours trading on Monday.
The go-to-market intelligence platform provider posted adjusted earnings per share of $0.23, topping analyst estimates of $0.22. Revenue came in at $305.7 million, exceeding expectations of $295.56 million and down 1% YoY.
"We delivered another quarter of better-than-expected financial results and Upmarket momentum," said Henry Schuck, ZoomInfo Founder and CEO.
For the second quarter, ZoomInfo forecasts revenue between $295-$298 million and adjusted EPS of $0.22-$0.24, both ahead of consensus estimates.
The company also raised its full-year 2025 outlook, now projecting revenue of $1.195-$1.205 billion and adjusted EPS of $0.96-$0.98. This compares to previous guidance of $1.185-$1.205 billion in revenue and $0.95-$0.97 in adjusted EPS.
ZoomInfo reported closing the quarter with 1,868 customers with $100,000 or greater in annual contract value, up 108 YoY. The company’s net revenue retention rate improved sequentially to 87%.
During Q1, ZoomInfo repurchased 8.6 million shares for $95 million at an average price of $11.05 per share.
The company also announced it will begin trading under the new ticker symbol "GTM" on May 13, replacing its current "ZI" symbol.
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