Market Updates
ZoomInfo Lifts Annual Revenue Guidance
Scott Peters
02 Aug, 2022
New York City
ZoomInfo Technologies Inc soared 10.9% to $41.88 after the business information provider lifted its full-year guidance.
Second quarter revenues increased 54% to $267.1 million and net income declined to $15.9 million or 4 cents a diluted share from $24.5 million or 5 cents a diluted a year ago.
ZoomInfo revised full-year 2022 revenues to between $1.08 billion and $1.09 billion from the previous estimate between $1.06 billion and $1.07 billion.
For the full-year, adjusted operating income estimated is revised higher between $433 million and $437 million from the previous estimate between $418 million and $424 million.
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