Shares of ZoomInfo Technologies (ZI) rocketed over 21% following the closing bell on Monday after the company posted better-than-expected Q4 results.
Specifically, the software and data firm recorded earnings per share (EPS) of $0.26, topping the consensus estimates of $0.25. The company also surpassed revenue expectations, bringing in $316.4 million against a forecast of $310.68 million.
Adjusted operating income margin stood at 40% in the quarter, while unlevered free cash flow was reported at $126 million.
For the upcoming quarter, ZoomInfo projects an EPS in the range of $0.23 to $0.24, aligning with the consensus of $0.23. The company expects first-quarter revenue to be between $307 million and $310 million, compared to the $308.7 million projected by analysts.
For the full year 2024, ZoomInfo forecasted an EPS between $0.99 and $1.01, while analysts projected $0.99. Its annual revenue is expected to land between $1.26 billion and $1.28 billion, which is in line with the consensus prediction of $1.27 billion.
“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 Founder and 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."