Welcome to our dedicated page for ZoomInfo Technologies news (Ticker: ZI), a resource for investors and traders seeking the latest updates and insights on ZoomInfo Technologies stock.
ZoomInfo Technologies Inc (symbol: ZI) is a leading provider of a growth acceleration platform that offers unparalleled business-to-business (B2B) contact and company intelligence. The platform is designed to help organizations achieve profitable growth by delivering the most accurate and actionable data.
The company's core product is a cloud-based go-to-market data and insights platform. This platform is continually updated to ensure sales and marketing teams have access to the latest information. It provides comprehensive intelligence and analytics, including direct dial phone numbers, email addresses, and detailed background information.
ZoomInfo's platform is crucial for executing effective marketing campaigns and improving sales prospecting efforts. By offering high-quality, actionable insights, it enables sales and marketing professionals to make informed decisions and achieve better outcomes. The company's primary revenue stream is derived from the United States.
Recent achievements and current projects highlight ZoomInfo's commitment to innovation and excellence. The company continues to enhance its database with new features and capabilities, ensuring clients have the most effective tools at their disposal. Partnerships with leading technology providers further bolster its offerings, making ZoomInfo a go-to solution for B2B intelligence.
For the latest updates and more information about ZoomInfo Technologies Inc, visit their official website at zoominfo.com or their blog at blog.zoominfo.com. You can also follow them on Twitter, @zoominfo.
ZoomInfo Technologies is under investigation following a class action lawsuit filed on June 21, 2022. The lawsuit claims that ZoomInfo unlawfully accessed personal information within electronic communications without consent. Allegations include unauthorized use and disclosure of this information to third parties, contradicting the company's representations regarding its Community Edition program. This situation raises concerns about consumer protection violations and could significantly impact the company's reputation and operations in the market.
ZoomInfo (NASDAQ: ZI) has announced participation in several upcoming investor events, including the Canaccord Genuity Annual Growth Conference on Aug. 10, 2022, and the Deutsche Bank Technology Conference on Aug. 31, 2022. Other appearances include the Wolfe Research Investor Conference on Sept. 7 and the Piper Sandler Growth Frontiers Conference on Sept. 13, 2022, followed by the Goldman Sachs Communacopia Conference on Sept. 14, 2022. Webcasts of these presentations will be available on their investor relations website.
ZoomInfo (NASDAQ: ZI) reported a remarkable GAAP revenue of $267.1 million for Q2 2022, marking a 54% year-over-year growth. The company achieved a GAAP operating margin of 15% and an adjusted operating income margin of 40%. Cash flow from operations stood at $106.2 million. ZoomInfo closed the quarter with over 30,000 customers, including 1,763 customers contributing $100,000 or more in annual contract value.
For Q3 2022, guidance is set at $277 - $279 million in revenue.
ZoomInfo (NASDAQ: ZI) has appointed Tomer Gershoni as its new Chief Security Officer. Gershoni will lead the company's information security efforts, focusing on protecting data integrity and privacy. With over two decades of cybersecurity experience, including previous roles at the Israel National Cyber Directorate and Hewlett Packard Enterprise, he plans to enhance the security posture at ZoomInfo. The company, known for its commitment to data protection, has recently earned multiple security certifications, including ISO 27001 and ISO 27701.
ZoomInfo (NASDAQ: ZI) has appointed Chad Herring as Chief Human Resources Officer, enhancing its commitment to diversity, equity, and inclusion. Based in Vancouver, Herring will oversee human resources across all offices and focus on talent acquisition and employee experience. His experience spans two decades in various industries, including leadership roles in SaaS and corporate development. Herring previously served as Chief People Officer at Snapdocs and has been involved in multiple IPOs and acquisitions.
ZoomInfo (NASDAQ: ZI) has joined the AWS Partner Network to enhance data delivery via its Data-as-a-Service (DaaS) platform, OperationsOS. This integration enables joint customers to access industry-leading data directly within Amazon S3, improving data accuracy and eliminating operational burdens. The collaboration aims to streamline workflows and enhance decision-making through enriched, frequently updated datasets, thereby saving companies time and resources.
ZoomInfo (NASDAQ: ZI) has appointed Bryan Law as Chief Marketing Officer to strengthen its marketing efforts and drive demand. Law, with over 20 years of experience from Salesforce, Google, and more, aims to enhance brand awareness and expand thought leadership. His previous role at Salesforce involved significant pipeline growth in the enterprise sector. Law's expertise in data and analytics aligns with ZoomInfo's mission to support customer growth. The company emphasizes its commitment to leveraging technology and data for business success.
ZoomInfo (NASDAQ: ZI) has announced that it will release its financial results for the second quarter of 2022 on August 1, 2022, after U.S. markets close. The accompanying conference call is set for 4:30 p.m. ET. Stakeholders can access the release via the Investor Relations section of ZoomInfo’s website. The company emphasizes its position as a leader in go-to-market software and data services, serving over 25,000 customers worldwide with its RevOS platform, aimed at driving growth for businesses.
ZoomInfo (NASDAQ: ZI) announced a strategic partnership with Sales Confidence, enhancing its presence in Europe. This collaboration aims to provide sales professionals with advanced solutions and compliance leadership. ZoomInfo will be a Titanium Sponsor at the SaaSGrowth2022 Conference on July 6, 2022, featuring key leaders who will discuss effective sales strategies. The company is expanding its European operations with a new London office, increased staff, and enhanced data offerings, including millions of professional profiles and a focus on GDPR compliance.
ZoomInfo announces the appointment of Alison Gleeson to its Board of Directors, effective July 1, 2022. Gleeson brings over two decades of experience in the Software-as-a-Service industry, previously serving as SVP of Americas at Cisco with responsibility for $25 billion in annual sales. CEO Henry Schuck expressed confidence in Gleeson's ability to drive growth. Gleeson is also a board member of other notable SaaS companies. Her experience is expected to enhance ZoomInfo's customer-focused approach and innovation in the SaaS space.
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