Zoominfo Technologies Inc. Stock Price, News & Analysis

ZoomInfo (NASDAQ: ZI) has announced the appointment of Simon McDougall as a board member of the International Association of Privacy Professionals (IAPP), the largest global privacy community. McDougall brings over two decades of experience in data privacy and compliance, having previously served on the IAPP board from 2016 to 2018.

In addition to his board role, McDougall has been inducted into the inaugural class of Westin Emeritus Fellows, representing the IAPP at global conferences. His responsibilities at ZoomInfo include overseeing compliance with privacy regulations such as GDPR and CCPA, reinforcing the company's commitment to data privacy.

ZoomInfo (NASDAQ: ZI) announced a new share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $100 million of its Common Stock. The decision is based on ZoomInfo's strong combination of growth, profitability, and free cash flow. CEO Henry Schuck expressed confidence in the company's ability to generate sustainable growth despite uncertain economic conditions. The repurchase will be funded through available working capital and cash from operating activities, though the exact timing and amount will depend on various market factors.

ZoomInfo (NASDAQ: ZI) has announced the inaugural ZoomInfo Awards, honoring the 'Most Influential Professionals' in Sales, Marketing, and Talent from over 15 million eligible leaders across 30 states and 278 companies. The awards recognize top professionals based on their industry prominence and company prestige, utilizing a weighted formula that considers profile views and company attributes. This initiative was introduced by ZoomInfo's Founder and CEO, Henry Schuck, emphasizing the importance of acknowledging business leaders' contributions. The awards are based solely on merit, without an application process.

ZoomInfo (NASDAQ: ZI), a leader in go-to-market software, announced participation in upcoming investor events, including the 44th Annual Institutional Investors Conference on March 7, 2023 and the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023. For details on presentation times and webcasts, visit ZoomInfo's investor relations website.

ZoomInfo provides a revenue operating system, RevOS, aimed at enhancing sales, marketing, and recruitment for over 30,000 global companies. The firm emphasizes compliance with GDPR and CCPA, ensuring high data accuracy and integration in various workflows.

ZoomInfo (NASDAQ: ZI) announced the integration of GPT technology into its go-to-market (GTM) platform, enhancing how users connect with customers. This innovation aims to reduce prospecting time and improve efficiency for sales and marketing teams. Users will be able to specify their needs in a few sentences, prompting the platform to deliver relevant insights in real-time. The company plans to use GPT for features like suggested contacts and automation across engagement channels, promoting a more streamlined approach to customer engagement. CEO Henry Schuck expressed optimism about these advancements in product development.

ZoomInfo (NASDAQ: ZI) has released its 2023 Customer Impact Report, showcasing enhanced productivity and value for businesses using its go-to-market software. The survey of over 4,300 users across various sectors revealed that customers experienced a 63% boost in productivity, cutting prospecting time by 50% and achieving double connect rates. Additionally, 67% of sales leaders reported increased revenue and 37% shorter deal cycles. Marketers noted 70% reduction in spending through better targeting. The report emphasizes ZoomInfo's role in facilitating sustainable growth.

ZoomInfo (NASDAQ: ZI) reported a 36% year-over-year revenue growth in Q4 2022, totaling $301.7 million. The company achieved an operating income of $52.1 million with a GAAP operating income margin of 17% and an adjusted operating income margin of 42%. For the full year 2022, revenues reached $1.098 billion, up 47% from the previous year. Cash flow from operations was $120.2 million in Q4 and $417 million for the year. The company forecasts Q1 2023 revenue between $299 million and $301 million and total revenue for FY 2023 to be between $1.275 billion and $1.285 billion.

ZoomInfo (NASDAQ: ZI) has announced the appointments of Ali Dasdan as Chief Technology Officer and Dave Justice as Chief Revenue Officer, effective February 1 and February 6, respectively. Dasdan joins from Atlassian, bringing expertise in enterprise SaaS solutions and product innovation, while Justice has a proven track record with PagerDuty and Salesforce. The leadership changes aim to enhance ZoomInfo's growth and customer value delivery, with a focus on leveraging their platforms to improve productivity and efficiency in go-to-market strategies.