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Investing.com -- ZoomInfo Technologies Inc. (NASDAQ:GTM) reported second quarter earnings that exceeded analyst expectations, driving shares up 7% as the Go-To-Market Intelligence Platform provider raised its full-year outlook.
The company posted adjusted earnings per share of $0.25 for the second quarter, beating the analyst consensus of $0.23. Revenue reached $306.7 million, surpassing the $296.37 million estimate and representing a 5% increase YoY. The strong performance was fueled by improved customer retention and expansion among larger clients.
"We continued to deliver on our AI and data focused innovation roadmap resulting in another quarter of strong financial results," said Henry Schuck, ZoomInfo Founder and CEO. "We are improving renewal and retention rates, expanding relationships with our largest customers, accelerating growth Upmarket, and embedding our data and agents into critical go-to-market workflows."
The company’s adjusted operating income rose 28% to $104.7 million, with an adjusted operating income margin of 34%. ZoomInfo closed the quarter with 1,884 customers generating annual contract values of $100,000 or more, adding 16 such customers sequentially and 87 YoY. The company’s net revenue retention rate improved to 89%.
Following the strong results, ZoomInfo raised its full-year 2025 guidance, now expecting revenue between $1.215-$1.225 billion, up from its previous forecast of $1.195-$1.205 billion. The company also increased its adjusted EPS outlook to $0.99-$1.01.
For the third quarter, ZoomInfo projects revenue of $302-$305 million and adjusted EPS of $0.24-$0.26.
During the quarter, the company repurchased 15.9 million shares at an average price of $9.22 per share, totaling $146.3 million.
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