ZoomInfo stock dips after first earnings report as a public company; revenue of $110M up 62%

Vancouver, Wash.-based ZoomInfo posted its first earnings report as a public company Monday. Revenue increase year-over-year 62% to a record $110.9 million, beating analysts estimates. Non-GAAP earnings per share came in at $0.07, also beating expectations.

Shares were down more than 4% in after-hours trading.

ZoomInfo went public in June, raising $887 million as the 13-year-old company sold shares at $21 per share. Its stock spiked 62% on its first day of trading and is up more than 20% since then.

The 1,287-person company, originally known as DiscoverOrg, uses machine learning to help more than 16,000 customers drive sales and marketing programs.

ZoomInfo has a market capitalization of nearly $17 billion. It’s the second Washington state company to go public this year, along with healthcare tech firm Accolade.

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