Job aggregator ZipRecruiter Inc. (NYSE: ZIP) reported second-quarter revenue rose 108.7% to a record level for the Santa Monica, California-based company.

While the second quarter of last year was the most severe during the Covid-19 pandemic, ZipRecruiter noted that the macroeconomic recovery along with sales and marketing execution helped fuel growth this quarter.

“We are seeing high levels of activity on both sides of our marketplace and ZipRecruiter is helping America get back to work by actively connecting people to their next great opportunity,” ZipRecruiter CEO Ian Siegel said. “Our guidance calls for robust growth in 2021 and we believe that we are still in the very early stages of our long-term growth opportunity.”

The revenue of $183.0 million exceeded the high point of the company’s guidance. Looking forward, the firm indicated macroeconomic conditions will return to a more normal level.

Guidance

ZipRecruiter forecast third-quarter revenue will rise between 77% and 83% year over year.

The company also raised its revenue growth forecast for the full year to between 56% and 59% from the earlier forecast of between 39% and 44%.

Share price and market cap

Shares in ZipRecruiter were down 5.68% to $27.39 as of 12:16 p.m. Eastern time today. ZipRecruiter has a market cap of $2.94 billion.