- The stock price of ZoomInfo Technologies Inc (NASDAQ: ZI) is trading at over 10% pre-market as of 4 AM ET. This is why it happened.
The stock price of ZoomInfo Technologies Inc (NASDAQ: ZI) — a global leader in go-to-market intelligence solutions — is trading at over 10% pre-market as of 4 AM ET. Investors are responding to the company announcing its financial results for the fourth quarter and full-year ended December 31, 2020.
“We ended the year strong, delivering another quarter of record results, highlighted by an industry-leading combination of growth and profitability,” said ZoomInfo Founder and CEO Henry Schuck. “Our success is driven by the success of our customers, as we continue to help companies of all sizes, across all industries modernize their go-to-market efforts with our expanding data, insights, and automation platform.”
In a separate announcement, ZoomInfo had also announced key organizational changes. Chris Hays was promoted to Chief Operating Officer, Hila Nir was promoted to Chief Product Officer, and Shane Murphy-Reuter joined as Chief Marketing Officer.
Revenue for the quarter $139.7 million, an increase of 53% year-over-year — which is inclusive of $2.0 million in revenue from acquisitions that closed in the fourth quarter. And operating income of $29.6 million and Adjusted Operating Income of $63.4 million.
The GAAP operating income margin was 21% and Adjusted Operating Income Margin was 45%. And cash flow from operations of $66.8 million and the company reported Unlevered Free Cash Flow of $76.6 million.
For the full-year 2020, the company reported revenue of $476.2 million, an increase of 62% year-over-year. And operating income was $37.1 million and Adjusted Operating Income was $226 million. The GAAP operating income margin was 8% and Adjusted Operating Income Margin was 47%. The company’s cash flow from operations was $169.6 million and Unlevered Free Cash Flow was $243.7 million.
ZoomInfo had released ZoomInfo for Recruiters, a purpose-built platform for recruiting teams to identify, target, and engage with top talent, filling open requisitions quickly and efficiently. And through the platform, recruiting teams can uncover data such as work history, educational background, and department organizational charts to help better understand managerial, functional, and technical experience.
ZoomInfo’s annual net revenue retention rate for 2020 was 108%. And ZoomInfo closed the year with over 20,000 customers, including more than 850 customers with $100,000 or greater in annual contract value.
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