ZI - ZoomInfo (NASDAQ:ZI) Reports Q4 and FY 2023 Financial Results

2024-02-13 09:35:44 ET

DENVER, Colo., Feb. 13, 2024 ( www.247marketnews.com )- ZoomInfo (NASDAQ:ZI) reported, after yesterday’s market close, its financial results for the fourth quarter and full-year ended December 31, 2023.

ZoomInfo is trading at $16.74, up $0.72 (+4.49%), on 1.6M shares.

Its 52-week range is $ 12.36 to 30.155.

ZoomInfo’s fourth quarter 2023 financial highlights included GAAP revenue of $316.4 million, an increase of 5% year-over-year; GAAP operating income of $70.5 million and adjusted operating income of $126.5 million; GAAP operating income margin of 22% and adjusted operating income margin of 40%; and GAAP operations cash flow of $128.8 million.

“We ended the year strong, with better-than-expected sequential revenue growth, while we delivered another year of profitability and free cash flow,” said Henry Schuck, ZoomInfo Founder and CEO. “I am excited to introduce ZoomInfo Copilot, our GenAI-powered solution that turns every seller into your best seller. Copilot delivers AI powered recommendations about who to contact, when to engage them, and even what to say across channels. It gives revenue teams a substantial advantage so they can get to buyers faster.”

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