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 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.
ZoomInfo (NASDAQ: ZI) announced its participation in upcoming investor conferences, including the J.P. Morgan Global Technology, Media, and Communications Conference, Jefferies Software Conference, and BofA Securities Global Technology Conference in May and June 2024. Executives will share insights and updates at these events. More details are available on the company's investor relations website.
ZoomInfo (NASDAQ: ZI) has swept all six eligible categories in TrustRadius' Top Rated Awards for customer satisfaction, receiving more than 1,600 ratings reflecting best-in-class customer satisfaction. The company's solutions were recognized for sales intelligence, intent data, conversation intelligence, and more. ZoomInfo's commitment to delivering market-leading solutions powered by proprietary data has earned praise from verified users, highlighting the platform's effectiveness in helping sales teams sell smarter and win faster.
ZoomInfo announced its first quarter 2024 financial results, reporting a 3% year-over-year revenue growth, with GAAP revenue of $310.1 million and GAAP operating margin of 14%. The company also highlighted Adjusted Operating Income Margin of 39% and a GAAP Cash Flow from Operations of $115.9 million. ZoomInfo closed the quarter with 1,760 customers with $100,000 or greater in annual contract value and repurchased shares under an approved program. The business outlook includes guidance for the second quarter and full year 2024.
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