ZoomInfo Technologies Inc - ZI STOCK NEWS

ZoomInfo (NASDAQ: ZI), the go-to-market platform for customer acquisition and growth, has announced its participation in several upcoming investor conferences. The events include:

• Canaccord Genuity Annual Growth Conference (Aug 13, 2024)
• Wells Fargo Fintech, Information & Business Services Forum (Aug 22, 2024)
• Deutsche Bank Technology Conference (Aug 29, 2024)
• Piper Sandler Growth Frontiers Conference (Sep 11, 2024)
• Goldman Sachs Communacopia & Technology Conference (Sep 12, 2024)

For conferences with webcast presentations, live streams and replays will be available on ZoomInfo's investor relations website at https://ir.zoominfo.com under the 'News & Events' section. This announcement highlights ZoomInfo's commitment to engaging with investors and showcasing its market position.

ZoomInfo's new report reveals a tripling of AI-related job titles across industries from Q2 2022 to Q2 2024, with leadership roles seeing significant growth. Key findings include:

- Overall AI positions increased from 37,078 to 111,341
- AI leadership titles grew from 3,731 to 10,875
- C-suite AI titles surged by 428%
- 'Generative AI' titles are now 250 times more common

The report highlights the widespread adoption of AI across various sectors, with 'Engineer' remaining the most common AI job title. Notable companies with AI leadership roles include Amazon, Microsoft, and IBM. This trend underscores the growing importance of AI in organizational strategy and decision-making.

ZoomInfo (NASDAQ: ZI) has announced changes to its Board of Directors, effective August 6, 2024. Domenic Maida and Owen Wurzbacher have been appointed as independent directors, while Todd Crockett has stepped down. Maida will serve on the Privacy, Security, and Technology Committee, and Wurzbacher on the Nominating and Corporate Governance and Compensation Committees.

CEO Henry Schuck expressed confidence in the new appointees' expertise, particularly in relation to ZoomInfo Copilot and AI initiatives. Maida highlighted ZoomInfo's growth potential with its AI-powered suite, while Wurzbacher emphasized the company's competitive position and focus on customer satisfaction and free cash flow growth. The Board now comprises nine directors, with eight being independent.

ZoomInfo (NASDAQ: ZI) has announced a CFO transition, with Graham O'Brien, the company's Vice President of FP&A, appointed as interim Chief Financial Officer effective September 6, 2024. Current CFO Cameron Hyzer will transition to an advisory role until October 7, 2024, to ensure a smooth handover. The company has initiated a search for a permanent successor.

CEO Henry Schuck praised Hyzer's contributions over the past six years, during which ZoomInfo grew to $1.2 billion in revenue, successfully navigated its IPO, and maintained strong margins and cash flow. Schuck expressed confidence in O'Brien's ability to lead the finance team and focus on strategic goals during the interim period.

ZoomInfo reported Q2 2024 financial results, showing a 6% year-over-year decrease in GAAP Revenue to $291.5 million. The company recorded a GAAP Operating loss of $20.0 million and an Adjusted operating income of $81.6 million. ZoomInfo implemented initiatives to position for long-term success, including launching ZoomInfo Copilot, an AI-powered go-to-market platform. The company grew its $100k ACV customer cohort and had its best new business quarter in mid-market and enterprise segments. However, ZoomInfo made a change in estimates related to receivables collectibility, resulting in $33 million in incremental charges. The company updated its FY 2024 guidance, now expecting GAAP Revenue between $1.190 - $1.205 billion, down from the previous $1.255 - $1.27 billion forecast.

ZoomInfo (NASDAQ: ZI), a leading go-to-market platform, has announced the release date for its second quarter 2024 financial results. The company will publish its financial report on Monday, August 5, 2024, after the U.S. financial markets close. Following the release, ZoomInfo's management will host a conference call and webcast at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results.

Investors and interested parties can access the webcast through ZoomInfo's Investor Relations website. For those wishing to participate via telephone, registration is required to receive a dial-in number and unique PIN. An archived version of the webcast will be available on the company's website for one year following the call.

ZoomInfo (NASDAQ: ZI) achieved a significant milestone by securing the top spot in 30 categories in G2’s Summer 2024 Grid Reports, placing it in the top 0.01% of over 130,000 vendors. ZoomInfo received 138 No. 1 rankings, excelling as the leading Enterprise solution in 10 categories, including Buyer Intent Data, Sales Intelligence, and Marketing Account Intelligence.

Additionally, ZoomInfo topped the charts in eight categories, outperforming competitors by a substantial margin. It has maintained the No. 1 position in the Buyer Intent Data Overall grid for 16 consecutive quarters and led the Marketing Account Intelligence Overall grid for 15 of the past 17 quarters.

ZoomInfo's products, particularly ZoomInfo Sales and Chorus by ZoomInfo, garnered over 8,000 5-star reviews on G2. The company's presence increased across various grids and reports, reflecting its role in enhancing go-to-market strategies through superior data.

ZoomInfo (NASDAQ: ZI) has become the first data company to achieve the TRUSTe Responsible AI Certification from TrustArc. This certification, focused on data protection and privacy, is the first of its kind, highlighting ZoomInfo's commitment to responsible AI practices. The certification incorporates guidelines from the EU AI Act, NIST AI Risk Management Framework, ISO:42001, and OECD AI Principles.

ZoomInfo recently introduced ZoomInfo Copilot, an AI-powered platform that utilizes its extensive data to recommend best-fit, in-market accounts and automate prospect outreach for sales teams. The company emphasizes its dedication to robust governance frameworks, ensuring data privacy and customer trust.

Chief Compliance Officer Simon McDougall stated that this certification underscores their commitment to compliance with evolving AI standards and transparency with stakeholders.

ZoomInfo (NASDAQ: ZI) has launched ZoomInfo Copilot, an AI-powered tool that enhances B2B sales by leveraging high-quality data to provide actionable insights. The platform integrates generative AI to predict sales pipelines, generate targeted emails, and create detailed account summaries. Early users have seen a significant increase in sales opportunities and reduced time spent on manual tasks. ZoomInfo Copilot predicted nearly half of beta users' existing pipelines and doubled their sales opportunities. Key features include real-time alerts, buying group insights, AI email generation, and conversational AI for quick data retrieval. The platform aims to make every seller more effective by delivering relevant and timely sales insights.