ZoomInfo Technologies Inc. (NASDAQ: ZI) reported Q3 EPS of $0.11, 2 cents better than the analyst estimate of $0.09. Revenue for the quarter came in at $123.4 million versus the consensus estimate of $117.39 million.

Third Quarter 2020 Financial and Other Recent Highlights

Financial Highlights:

• Revenue of $123.4 million, an increase of 56% year-over-year
• Sequential revenue growth of 10% as compared to the second quarter of 2020 (as adjusted for the relative days in the quarter)
• Allocated Combined Receipts of $123.6 million, an increase of 41% year-over-year
• Operating income of $18.4 million, or 15% of revenue, and Adjusted Operating Income of $58.5 million, or 47% of Allocated Combined Receipts
• Cash flows from operations of $53.0 million, and Unlevered Free Cash Flow of $59.8 million

“We delivered another quarter of record results, as more customers than ever modernized their go-to-market motions with ZoomInfo’s data and insights platform,” said Henry Schuck, ZoomInfo Founder and CEO. “In the third quarter, we added a record number of new customers, drove record expansion with our largest clients, and launched new platform enhancements. With a model that combines durable growth and profitability and a team that is executing on all fronts, we are seeing momentum across all areas of the business. This momentum gives us even more confidence that we can capitalize on the many growth opportunities ahead.”

GUIDANCE:

ZoomInfo Technologies Inc. sees Q4 2020 EPS of $0.09-$0.10, versus the consensus of $0.09. ZoomInfo Technologies Inc. sees Q4 2020 revenue of $129-131 million, versus the consensus of $122.57 million.

ZoomInfo Technologies Inc. sees FY2020 EPS of $0.31-$0.32, versus the consensus of $0.30. ZoomInfo Technologies Inc. sees FY2020 revenue of $465-467 million, versus the consensus of $454.03 million.

For earnings history and earnings-related data on ZoomInfo Technologies Inc. (ZI) click here.