![]() ![]() The small margin performance combined with 54% organic revenue growth is consistent with the growth and profitability framework that we set out at our recent analyst day," he said. "This exceeded our revenue guidance range of $72 million to $74 million and represents an adjusted operating income margin of 39%. Hyzer added that the third-quarter adjusted operating income was $78 million. "Customers with more than $100,000 in ACV now represent more than 40% of our subscription revenue, and the ACV contributed by these customers grew more than 85% relative to Q3 2020," Hyzer said. ![]() It climbed over 60% in its first day of trading, illustrating investors' enthusiasm for subscription software makers, a high-growth category whose promise was showcased following work-from-home orders. ZoomInfo went public in June 2020, as the first tech IPO following last year's Covid lockdowns. But it's also possible that investors are looking to take some profits off the table after big rallies this year, especially as year-end tax decisions loom. In this case, the Omricon variant of the Covid-19 virus is getting the blame. Keep in mind: Whenever the market or an individual stock pulls back after a strong rally, headline writers often attribute the selloff to a news event. That's not anything to panic about at this stage, as about three-quarters of stocks follow the market's direction at any given time, and many growth stocks got hammered last week. The stock retreated 9.18% in the broad-market pullback. Sales reps are always looking for a way to get more leads faster, and business data provider ZoomInfo Technologies (NASDAQ: ZI)helps speed that process.ĭ contributor/ - MarketBeat ![]()
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