Zoominfo Technologies Inc. Stock Price, News & Analysis

ZoomInfo has unveiled enhancements to its AI-driven ZoomInfo Copilot solution, helping sellers capture nearly 25% more pipeline. Users report an average 60% productivity boost, 58% increase in engagement, and 62% increase in email response rates. Key improvements include:

1. New integrations with Gong, G2, TrustRadius, Slack, and Microsoft Teams
2. Expanded real-time signals covering funding, podcasts, partnerships, M&A, IPOs, and more
3. Advanced on-demand account insights with comprehensive overviews and real-time updates
4. Enhanced user experience with a prioritized seller homepage and mobile access

These updates aim to equip sales teams with powerful AI-guided recommendations and insights to close deals faster.

ZoomInfo's analysis of millions of global emails in 2023 reveals the best and worst times to reach email recipients. Key findings include:

- Autumn (mid-September to mid-November) is one of the best times to connect via email, with a 2.4% out-of-office (OOO) reply rate.

- The week of Christmas saw the highest OOO reply rate at 6.8%.

- The second week of January had the lowest weekly OOO rate at 1.1%.

- The period from mid-January to mid-March had the lowest extended OOO reply rate at 1.8%.

- Summer months (June-August) saw an elevated OOO rate around 3.0%.

This data can help businesses optimize their email outreach strategies, considering that 77% of B2B buyers prefer email contact.

Ren Systems has secured $3.5M in funding to scale its AI-powered relationship intelligence technology. The round was led by JLL Spark Global Ventures, with participation from Camber Creek, ZoomInfo (ZI), and Contour Ventures. Ren's technology, used by over 5,000 sales and business development leaders, will be integrated into ZoomInfo Copilot, making it available to ZoomInfo's 35,000 business customers globally.

Ren's platform automates research, meeting prep, and outreach by syncing with CRM, Outlook, calendar, and iOS contacts. It monitors numerous sources, providing timely alerts about key contacts and companies, and recommends actions to uncover and win deals. This partnership aims to enhance signal-based selling, providing actionable insights for more effective customer engagement.

ZoomInfo (NASDAQ: ZI) has been awarded the 2024 TrustRadius Tech Cares Award for the second consecutive year, recognizing its commitment to sustainability and community support. The company's efforts include:

• Reducing e-waste by repurposing and donating used electronics
• Transitioning to a nearly paperless office worldwide
• Reducing net emissions per $1 million of revenue by 46%
• Supporting employee resource groups for inclusivity
• Donating over $1 million to community organizations
• Providing volunteer opportunities for employees

TrustRadius evaluates companies based on sustainability, volunteerism, DEI, donations, community impact, employee well-being, support for women in tech, and education support. ZoomInfo's commitment to these areas has earned them recognition in the B2B technology sector.

ZoomInfo (NASDAQ: ZI), the go-to-market platform for customer acquisition and growth, has announced its participation in several upcoming investor conferences. The events include:

• Canaccord Genuity Annual Growth Conference (Aug 13, 2024)
• Wells Fargo Fintech, Information & Business Services Forum (Aug 22, 2024)
• Deutsche Bank Technology Conference (Aug 29, 2024)
• Piper Sandler Growth Frontiers Conference (Sep 11, 2024)
• Goldman Sachs Communacopia & Technology Conference (Sep 12, 2024)

For conferences with webcast presentations, live streams and replays will be available on ZoomInfo's investor relations website at https://ir.zoominfo.com under the 'News & Events' section. This announcement highlights ZoomInfo's commitment to engaging with investors and showcasing its market position.

ZoomInfo's new report reveals a tripling of AI-related job titles across industries from Q2 2022 to Q2 2024, with leadership roles seeing significant growth. Key findings include:

- Overall AI positions increased from 37,078 to 111,341
- AI leadership titles grew from 3,731 to 10,875
- C-suite AI titles surged by 428%
- 'Generative AI' titles are now 250 times more common

The report highlights the widespread adoption of AI across various sectors, with 'Engineer' remaining the most common AI job title. Notable companies with AI leadership roles include Amazon, Microsoft, and IBM. This trend underscores the growing importance of AI in organizational strategy and decision-making.

ZoomInfo (NASDAQ: ZI) has announced changes to its Board of Directors, effective August 6, 2024. Domenic Maida and Owen Wurzbacher have been appointed as independent directors, while Todd Crockett has stepped down. Maida will serve on the Privacy, Security, and Technology Committee, and Wurzbacher on the Nominating and Corporate Governance and Compensation Committees.

CEO Henry Schuck expressed confidence in the new appointees' expertise, particularly in relation to ZoomInfo Copilot and AI initiatives. Maida highlighted ZoomInfo's growth potential with its AI-powered suite, while Wurzbacher emphasized the company's competitive position and focus on customer satisfaction and free cash flow growth. The Board now comprises nine directors, with eight being independent.

ZoomInfo (NASDAQ: ZI) has announced a CFO transition, with Graham O'Brien, the company's Vice President of FP&A, appointed as interim Chief Financial Officer effective September 6, 2024. Current CFO Cameron Hyzer will transition to an advisory role until October 7, 2024, to ensure a smooth handover. The company has initiated a search for a permanent successor.

CEO Henry Schuck praised Hyzer's contributions over the past six years, during which ZoomInfo grew to $1.2 billion in revenue, successfully navigated its IPO, and maintained strong margins and cash flow. Schuck expressed confidence in O'Brien's ability to lead the finance team and focus on strategic goals during the interim period.

ZoomInfo reported Q2 2024 financial results, showing a 6% year-over-year decrease in GAAP Revenue to $291.5 million. The company recorded a GAAP Operating loss of $20.0 million and an Adjusted operating income of $81.6 million. ZoomInfo implemented initiatives to position for long-term success, including launching ZoomInfo Copilot, an AI-powered go-to-market platform. The company grew its $100k ACV customer cohort and had its best new business quarter in mid-market and enterprise segments. However, ZoomInfo made a change in estimates related to receivables collectibility, resulting in $33 million in incremental charges. The company updated its FY 2024 guidance, now expecting GAAP Revenue between $1.190 - $1.205 billion, down from the previous $1.255 - $1.27 billion forecast.