Business
ZoomInfo Announces Third Quarter 2020 Financial Results
GAAP Revenue of $123.4 million Grows 56% year-over-year (41% Organic Growth) GAAP Operating Margin of 15% and Adjusted Operating Income Margin of 47% Cash
About this update from Zoominfo Technologies Inc.
[{"type":"text","content":"\nGAAP Revenue of $123.4 million Grows 56% year-over-year (41% Organic Growth)\n\nGAAP Operating Margin of 15% and Adjusted Operating Income Margin of 47%\n\nCash Flow from Operations of $49.1 million and Unlevered Free Cash Flow of $59.8 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 third quarter ended September 30, 2020.\n\n“We delivered another quarter of record results, as more customers than ever modernized their go-to-market motions with ZoomInfo’s data and insights platform,” said Henry Schuck, ZoomInfo Founder and CEO. “In the third quarter, we added a record number of new customers, drove record expansion with our largest clients, and launched new platform enhancements. With a model that combines durable growth and profitability and a team that is executing on all fronts, we are seeing momentum across all areas of the business. This momentum gives us even more confidence that we can capitalize on the many growth opportunities ahead.”\n\nThird Quarter 2020 Financial and Other Recent Highlights - \n\nFinancial Highlights:\n\n\nRevenue of $123.4 million, an increase of 56% year-over-year\n\n\nSequential revenue growth of 10% as compared to the second quarter of 2020 (as adjusted for the relative days in the quarter)\n\n\nAllocated Combined Receipts of $123.6 million, an increase of 41% year-over-year\n\n\nOperating income of $18.4 million, or 15% of revenue, and Adjusted Operating Income of $58.5 million, or 47% of Allocated Combined Receipts\n\n\nCash flows from operations of $53.0 million, and Unlevered Free Cash Flow of $59.8 million\n\n\nBusiness and Operating Highlights:\n\n\nLaunched ZoomInfo Engage, a sales engagement platform, designed to help sales teams maximize productivity by empowering them with an automated sales dialer, built-in email automation, and technology to manage and optimize sales workflows.\n\n\nIncreased the size of the total addressable market by more than $5 billion to more than $30 billion through expansion into the sales enablement market.\n\n\nGrew our professional data set more than 30% since the beginning of the year, increasing the profiles under coverage to more than 132 million at the end of Q3.\n\n\nAnnounced the acquisition of Clickagy, a leading provider of a...