ZoomInfo Technologies Inc. (ZI) is a leading go-to-market software globally. The company’s RevOS allows the sales, commercialization, operations, and recruiting professionals to hit their number by pairing technology with unequaled data coverage. The company stresses GDPR and CCPA compliance. It has created the industry’s pioneer proactive notice program.
The price of ZI stock during regular trading on February 15, 2022, with a 6.20% increase was $58.7. At last check in the premarket on February 16, 2022, the stock sank by 12.06%.
ZI: Key Financials
On February 15, 2022, ZI released its financial results for the fourth quarter ended December 31, 2021. Some of the key points are stated below.
In Q4 2021, revenues were recorded to be $222.3 million compared to $139.7 million in the same quarter of 2020. The company observed an increase of 59% in revenue over the yearly period. The company beat the analysts’ estimated revenue by $16.6 million.
Diluted net income per share in Q4 2021 was $145.2 million or $0.36 compared to $36.3 million or $0.14 in the same period of 2020. The company observed an increase in net income over the year and its EPS were in-line with the analysts’ estimates.
ZI: Events and Happenings
On February 8, 2022, ZI updated about launching Marketing OS which is an account-based marketing portfolio that aligns sales and marketing partners in an integrated system powered by the company’s business-to-business data. On January 25, 2022, ZI reported about its entry into a strategic collaboration with Google Cloud that allowed the consumers to effortlessly integrate the company’s B2B data into Google BigQuery.
On January 19, 2022, ZI announced the international expansion of its operations in London. The company also nominated Simon McDougall as its initial Chief Compliance Officer. On January 13, 2022, ZI updated that its University had been nominated for the Awesomeness in Customer Education Awards Program of the Year by CustomerEducation.org.
On December 21, 2021, ZI reported about the receipt of four Awards among leading companies for Best Companies for Women, Best Company Culture, Best CEOs, and Best Companies for Diversity.
ZI stock grew by 5% in the past year as the company outperformed in the pandemic period. The company’s latest financials are optimistic as it beat the analysts’ estimates of revenue. The company reported a recent SEC filing regarding unscheduled material events, after which its stock plummeted. For the upcoming quarter, the company is expecting revenue of $215.6 million and EPS of $0.07.