ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary

ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary
Published Jul 31, 2023
19 pages (11273 words) — Published Jul 31, 2023
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Abstract:

Edited Brief of ZI.OQ earnings conference call or presentation 31-Jul-23 8:30pm GMT

  
Brief Excerpt:

...A. We delivered $309 million in revenue in the second quarter and adjusted operating income of $126 million with a margin of 41%. B. In 2021, the SaaS company raised over $400 million of funding was growing 70% year-over-year, had 50 sales reps and expected that would grow to more than 100. C. In the back half of 2022, while on a path to get to breakeven in 2024 and while growing 40% year-over-year, their investors demanded something different, 40% free cash flow by the end of 2023 and scaled back growth to 5% to 10% year-over-year. D. Their sales team, all ZoomInfo license holders went from 100 to 20 effectively overnight. E. Our adjusted expectations for the full year, which now call for 12% revenue growth reflect this belief. F. We meaningfully increased our matching and phone number coverage since the beginning of the year adding 37 million net new international contact profiles and surpassing coverage on over 300 million business professionals. G. Sales OS application load time decreased...

  
Report Type:

Brief

Source:
Company:
ZoomInfo Technologies Inc
Ticker
ZI.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst : Henry, the advancements in AI in any way, make it easier for data (inaudible) starts to ramp up or companies themselves to source more of their B2B data independently without the need for a third-party solution. I'm just -- I'm trying to assess like whether AI could actually create a competitive shift against you guys in any way?


Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst : Yes. Okay. That makes sense. Cameron, one quick one for you just on guidance philosophy. I mean, I hear you talk. It sounds like you're taking a pretty cautious outlook at the back half of the year. Would you say there's more conservatism in there than may have been contemplated in prior periods?


Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : Wonderful. Just one question on my side. How would you think about any potential changes in pricing and packaging given the (inaudible) environment and continued macro challenges? And the reason I ask that is some customers and partners we've talked to have maybe bulked at the high ticket price in this economy. Would you maybe consider making some changes there, especially just to make the on-ramp for new customers and new use cases a little easier and a little less daunting at first class.

Table Of Contents

Zoominfo Technologies Inc at Bank of America Global Technology Conference Transcript – 2024-06-05 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 5-Jun-24 9:40pm GMT

ZoomInfo Technologies Inc at Piper Sandler Growth Frontiers Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 12-Sep-23 7:00pm GMT

ZoomInfo Technologies Inc at Goldman Sachs Communacopia + Technology Conference Summary – 2023-09-06 – US$ 54.00 – Preliminary Brief of ZI.OQ presentation 6-Sep-23 6:30pm GMT

ZoomInfo Technologies Inc at Goldman Sachs Communacopia + Technology Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 6-Sep-23 6:30pm GMT

ZoomInfo Technologies Inc Q2 2023 Earnings Call Transcript – 2023-07-31 – US$ 54.00 – Edited Transcript of ZI.OQ earnings conference call or presentation 31-Jul-23 8:30pm GMT

ZoomInfo Technologies Inc at Bank of America Global Technology Conference Summary – 2023-06-06 – US$ 54.00 – Edited Brief of ZI.OQ presentation 6-Jun-23 8:20pm GMT

ZoomInfo Technologies Inc at Bank of America Global Technology Conference Transcript – 2023-06-06 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 6-Jun-23 8:20pm GMT

ZoomInfo Technologies Inc at Sanford C Bernstein Strategic Decisions Conference Transcript – 2023-06-01 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 1-Jun-23 6:30pm GMT

ZoomInfo Technologies Inc at JPMorgan Global Technology, Media and Communications Conference Transcript – 2023-05-24 – US$ 54.00 – Edited Transcript of ZI.OQ presentation 24-May-23 1:20pm GMT

ZoomInfo Technologies Inc Q1 2023 Earnings Call Summary – 2023-05-01 – US$ 54.00 – Edited Brief of ZI.OQ earnings conference call or presentation 1-May-23 8:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary" Jul 31, 2023. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-ZoomInfo-Technologies-Inc-Earnings-Call-B15662041>
  
APA:
Thomson StreetEvents. (2023). ZoomInfo Technologies Inc Q2 2023 Earnings Call Summary Jul 31, 2023. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-ZoomInfo-Technologies-Inc-Earnings-Call-B15662041>
  
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