Business
ZoomInfo Announces Third Quarter 2021 Financial Results
GAAP Revenue of $197.6 million Grows 60% year-over-year GAAP Operating Margin of 10% and Adjusted Operating Income Margin of 39% Cash Flow from Operations of
About this update from Zoominfo Technologies Inc.
[{"type":"text","content":"\nGAAP Revenue of $197.6 million Grows 60% year-over-year\nGAAP Operating Margin of 10% and Adjusted Operating Income Margin of 39%\nCash Flow from Operations of $46.5 million and Unlevered Free Cash Flow of $73.3 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 third quarter ended September 30, 2021.\n\n“ZoomInfo delivered exceptional results, with another quarter of accelerating revenue growth, and strong free cash flow generation,” said Henry Schuck, ZoomInfo Founder and CEO. “We continue to execute across all areas of the business as we build a category defining company by delivering end-to-end success for go-to-market teams worldwide.”\n\nThird Quarter 2021 Financial and Other Recent Highlights -\n\nFinancial Highlights:\n\n\nRevenue of $197.6 million, an increase of 60% year-over-year.\n\n\nOperating income of $20.2 million and Adjusted Operating Income of $78.4 million.\n\n\nGAAP operating income margin of 10% and Adjusted Operating Income Margin of 39%.\n\n\nCash flow from operations of $46.5 million and Unlevered Free Cash Flow of $73.3 million.\n\n\nBusiness and Operating Highlights:\n\n\nAcquired RingLead, a leading provider of data orchestration and revenue operations automation that further connects the intelligence and engagement layers of the ZoomInfo platform, empowering customers to seamlessly manage their data across systems. The acquisition was announced and closed in September 2021.\n\n\nAfter the acquisition in July, the company announced its first integrations with Chorus.ai and the ZoomInfo platform in September, allowing customers to transcribe and analyze calls taken in ZoomInfo Engage, access Chorus’ Momentum Insights within the ZoomInfo platform, and unlock ZoomInfo’s business-to-business data and insights for the Chorus offering.\n\n\nReceived multiple awards that recognize the company for career growth, company leadership, diversity and inclusivity impact. ZoomInfo founder and CEO Henry Schuck appeared on the list of Best CEOs for diversity, ZoomInfo was named to the 2021 Fortune Best Workplaces for Millennials List and was recognized by the Mass Technology Leadership Council as a top company for Inclusivity Impact.\n\n\nAnnounced that ZoomInfo’s board of direc...