Better-than-Expected Financial Results
ZoomInfo delivered a consecutive quarter of better-than-expected financial results with GAAP revenue of $306 million and adjusted operating income of $101 million, a margin of 33%, both above the high end of guidance.
Expansion in Upmarket Segment
The company now has 1,868 customers with more than $100,000 in ACV, a year-over-year increase of 108 customers, marking four consecutive quarters of sequential improvement. Upmarket growth was 3% year-over-year and now represents 71% of the business.
Successful Product Launches
ZoomInfo launched the Go-To-Market Studio and expanded its data asset into core enterprise operations, enhancing its platform through successful integration of acquisitions such as RingLead and Chorus.
Strong Customer Wins and Deployments
Closed enterprise opportunities with Lionbridge, Wipro, and others. Stripe deployed ZoomInfo Copilot across more than 300 sellers, and a large food delivery vendor is using the platform for international expansion.
Improved Retention and NPS Scores
Net revenue retention improved and rounded to 87% for the second consecutive quarter. Record levels of NPS scores were achieved, with enterprise NPS up more than six points year-over-year in Q1.
Share Repurchase Program
Repurchased 8.6 million shares of common stock at an average price of $11.05, with an additional buyback of nearly 7 million shares at $8.27 per share post-quarter.