Earnings And Financial PerformanceZoomInfo reported solid Q3 results with revenue and non-GAAP operating income modestly above the high end of guidance, beating street estimates and achieving higher than expected adjusted operating profit margin.
Product Performance And Revenue GrowthZoomInfo's AI product, Copilot, is showing value by significantly increasing its annual contract value to $60 million, with advanced functionality revenue increasing to 38% of the overall mix, indicating strong product uptake.
Share Buyback And Shareholder ValueThe company announced a buyback of 24 million shares for $242 million, reducing share count by 7%, which is likely to enhance shareholder value.