Business
ZoomInfo Announces Fourth Quarter and Full-Year 2020 Financial Results
Fourth Quarter GAAP Revenue of $139.7 million Grows 53% year-over-year Fourth Quarter GAAP Operating Income Margin of 21% and Adjusted Operating Income
About this update from Zoominfo Technologies Inc.
[{"type":"text","content":"\nFourth Quarter GAAP Revenue of $139.7 million Grows 53% year-over-year\n\nFourth Quarter GAAP Operating Income Margin of 21% and Adjusted Operating Income Margin of 45%\n\nFourth Quarter Cash Flow from Operations of $66.8 million and Unlevered Free Cash Flow of $76.6 million\n\n VANCOUVER, Wash.--(BUSINESS WIRE)--\nZoomInfo, (NASDAQ: ZI) a global leader in go-to-market intelligence solutions, today announced its financial results for the fourth quarter and full-year ended December 31, 2020.\n\n“We ended the year strong, delivering another quarter of record results, highlighted by an industry-leading combination of growth and profitability,” said Henry Schuck, ZoomInfo Founder and CEO. “Our success is driven by the success of our customers, as we continue to help companies of all sizes, across all industries modernize their go-to-market efforts with our expanding data, insights, and automation platform.”\n\nIn a separate release today, the company announced key organizational changes. Effective today, Chris Hays has been promoted to Chief Operating Officer, Hila Nir has been promoted to Chief Product Officer, and Shane Murphy-Reuter has joined as Chief Marketing Officer.\n\nFourth Quarter 2020 Financial Highlights:\n\n\nRevenue of $139.7 million, an increase of 53% year-over-year, which is inclusive of $2.0 million in revenue from acquisitions that closed in the fourth quarter.\n\n\nOperating income of $29.6 million and Adjusted Operating Income of $63.4 million.\n\n\nGAAP operating income margin of 21% and Adjusted Operating Income Margin of 45%.\n\n\nCash flow from operations of $66.8 million, and Unlevered Free Cash Flow of $76.6 million.\n\n\nFull-Year 2020 Financial Highlights:\n\n\nRevenue of $476.2 million, an increase of 62% year-over-year.\n\n\nOperating income of $37.1 million and Adjusted Operating Income of $226.0 million.\n\n\nGAAP operating income margin of 8% and Adjusted Operating Income Margin of 47%.\n\n\nCash flow from operations of $169.6 million, and Unlevered Free Cash Flow of $243.7 million.\n\n\nRecent Business and Operating Highlights:\n\n\nThe company released ZoomInfo for Recruiters, a purpose-built platform for recruiting teams to identify, target, and engage with top talent, filling open requisitions quickly and efficiently. Through the platform, recruiting teams can uncover data such as work histor...