Cloud Stocks: Analysis Of ZoomInfo’s Everstring Acquisition

Go-To-Market intelligence provider ZoomInfo (Nasdaq: ZI) had listed earlier this year. Despite the current global conditions, the organization has been investing in acquisitions of other smaller companies to add AI and Machine Learning capabilities to its portfolio.

ZoomInfo’s Financials

Recently, ZoomInfo announced its third-quarter results. Revenues grew 56% to $123.4 million, surpassing the market’s forecast of $116.87 million. EPS was $0.11, again beating analysts’ estimate of $0.09.

Among key metrics, ZoomInfo now has more than 720 customers and $100,000 or greater in annual contract value.

For the fourth quarter, ZoomInfo expects revenues of $129-$131 million, compared with the market’s expectations at $130.3 million. EPS is forecast to be $0.09-$0.10, compared with market expectations at $0.10 a share. ZoomInfo expects revenues of $465-$467 million for the year, with EPS of $0.31-$0.32, compared with previous expectations of $451-$455 million and an EPS of $0.20-$0.30. The market was looking for revenues of $468.35 million for the year with an EPS of $0.32.

ZoomInfo’s Product Upgrades

During the quarter, ZoomInfo launched several new features for its core products that helped provide greater speed, scalability, transparency, security, and administrative control to its enterprise customers. It embedded business intelligence dashboards directly into its platform, allowing users to track real-time changes. Its APIs and enrichment solutions now help customers’ CRM and Marketing Automation platforms, providing detailed usage analytics and giving administrators clear views of platform engagement. The added capability will help communicate the ongoing value and ROI given by ZoomInfo.

It also enhanced the mobile experience by adding new features such as Quick Search, redesign of its contact profile alerts, and a new real-time intelligence feed to give its users a place to consume proprietary and actionable content on target prospects and customers.

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