Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessZoomInfo Technologies Shares Surge 11 percent on Q2 Beat & Raise

ZoomInfo Technologies Shares Surge 11 percent on Q2 Beat & Raise

Add to Favorite
Added to Favorite


ZoomInfo Technologies Inc. (NASDAQ:ZI) shares rose more than 11% yesterday, following the company’s reported Q2 results, with EPS coming in at $0.21, beating the Street estimate of $0.18. Revenue increased 54% year-over-year to $267.1 million, compared to the Street estimate of $254.63 million.
The company anticipates Q3/22 EPS to be in the range of $0.19-$0.22, compared to the Street estimate of $0.19, and revenue in the range of $277-279 million, compared to the Street estimate of $270.21 million.
For the full 2022-year, management sees EPS in the range of $0.78-$0.80, compared to the Street estimate of $0.76, and revenue in the range of $1.08-1.09 billion, compared to the Street estimate of $1.06 billion.
While 2022 guidance was raised beyond the beat, it was by a smaller magnitude than in recent quarters. However, analysts at Deutsche Bank believe the quarterly results are sufficient to drive the shares higher given modest embedded expectations, particularly given investor concerns around Software industry customer concentration.
While management acknowledged some deal cycle elongation given the macro picture, the company’s strong value proposition, rapid ROI, and efficient selling motion are helping offset macro headwinds.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...

NetApp Inc. (NASDAQ:NTAP) Surpasses Earnings and Revenue Estimates

NetApp Inc. (NASDAQ:NTAP) reported an earnings per share (EPS)...

Agilent Technologies (NYSE:A) Quarterly Earnings Preview

The anticipated EPS of $1.41 represents a 2.2% increase...