Business
ZoomInfo Announces Second Quarter 2022 Financial Results
GAAP Revenue of $267.1 million Grows 54% year-over-year GAAP Operating Margin of 15% and Adjusted Operating Income Margin of 40% Cash Flow from Operations of
About this update from Zoominfo Technologies Inc.
[{"type":"text","content":"\nGAAP Revenue of $267.1 million Grows 54% year-over-year\n\nGAAP Operating Margin of 15% and Adjusted Operating Income Margin of 40%\n\nCash Flow from Operations of $106.2 million and Unlevered Free Cash Flow of $108.3 million\n\n VANCOUVER, Wash.--(BUSINESS WIRE)--\nZoomInfo, (NASDAQ: ZI) a global leader in modern go-to-market software, data, and intelligence, today announced its financial results for the second quarter ended June 30, 2022.\n\n“Customers of all sizes and industries are leveraging ZoomInfo data, insights, automation, and workflows to drive a more efficient go-to-market motion, which is critical in any economic environment,” said Henry Schuck, ZoomInfo Founder and CEO. “Our platform strategy is resonating with customers, and we delivered another record quarter, combining strong revenue growth, profitability, and free cash flow.”\n\nSecond Quarter 2022 Financial and Other Recent Highlights -\n\nFinancial Highlights:\n\n\nRevenue of $267.1 million, an increase of 54% year-over-year.\n\n\nOperating income of $39.5 million and Adjusted Operating Income of $106.9 million.\n\n\nGAAP operating income margin of 15% and Adjusted Operating Income Margin of 40%.\n\n\nCash flow from operations of $106.2 million and Unlevered Free Cash Flow of $108.3 million.\n\n\nBusiness and Operating Highlights:\n\n\nEarned the International Organization for Standardization (ISO) 27701 privacy certification, further strengthening ZoomInfo’s commitment to data security and privacy. ZoomInfo has met the rigorous qualifications of ISO 27701, a privacy extension to the international information security management standard, ISO/IEC 27001, which the company attained in 2020. ISO 27701 provides the requirements and guidance for companies to establish, implement, maintain, and continually improve their Privacy Information Management System.\n\n\nExpanded our offering by adding Pipeline management and Forecasting within Chorus.ai. This allows us to expand our footprint and value proposition throughout Account Executive, Account Management, and Customer Success teams. Momentum Signals allow our customers to identify deals that need attention by flagging risks like negative buyer sentiment, issues discussed on calls, slow follow-ups or simply not having the right buyers engaged - all things you would miss unless you sit on every call.\n\n\nIntegrat...