ZoomInfo Technologies Inc. (ZI)

Last Updated(EST): 2024-07-10 00:10

Summary

ZoomInfo Technologies Inc. experienced a rise in its stock price by 4.79% driven by the news that compared to its peers, the company had weaker performance in the latest quarter. Although ZoomInfo met analysts' revenue expectations with a 3.1% increase year-on-year to $310.1 million, it lost 60 enterprise customers paying more than $100,000 annually. This decline in customer count contributed to a 24.3% decrease in the stock price post-results. The market reacted positively to this information, leading to the price rise to $12.47. Investors are closely monitoring ZoomInfo's customer base and revenue growth as key indicators of its performance in the sales software sector.

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