Why ZoomInfo Technologies Stock Soared Today
ZIZoomInfo Technologies (ZI) The Motley Fool·2024-02-14 09:03

Shares of ZoomInfo (ZI 14.36%) soared 14.4% on Tuesday after the business data platform provider announced strong quarterly results.Zoominfo's fourth-quarter 2023 revenue grew 5% year over year to $316.4 million, translating to non-GAAP (adjusted) net income of $0.26 per share. Analysts, on average, were only modeling earnings of $0.25 per share on slightly lower revenue.ZoomInfo leans into its AI advantageZoomInfo Founder and CEO Henry Schuck noted that the company remains comfortably cash-flow positive, d ...