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Jun 30, 2023
ZoomInfo Q2 2023 Earnings Report
ZoomInfo's financial performance for Q2 2023 was announced, featuring revenue growth, increased profitability, and free cash flow generation.
Key Takeaways
ZoomInfo announced its Q2 2023 financial results, reporting a revenue of $308.6 million, a 16% increase year-over-year. The company's operating income was $59.6 million, with a GAAP operating margin of 19%. They generated $121.5 million in unlevered free cash flow and announced a $500 million share repurchase program.
Revenue reached $308.6 million, reflecting a 16% increase year-over-year.
Operating income was reported at $59.6 million, with a GAAP operating margin of 19%.
Unlevered Free Cash Flow amounted to $121.5 million.
A new share repurchase program was approved, authorizing the repurchase of up to an additional $500 million of the company’s common stock.
Forward Guidance
ZoomInfo provided guidance for Q3 2023, projecting GAAP revenue between $309 million and $312 million and non-GAAP adjusted operating income between $124 million and $126 million. They also provided guidance for the full year 2023, anticipating GAAP revenue between $1.225 billion and $1.235 billion and non-GAAP adjusted operating income between $493 million and $498 million.
Positive Outlook
- Projected Q3 2023 GAAP revenue between $309 million and $312 million
- Projected Q3 2023 Non-GAAP adjusted operating income between $124 million and $126 million
- Projected FY 2023 GAAP revenue between $1.225 billion and $1.235 billion
- Projected FY 2023 Non-GAAP adjusted operating income between $493 million and $498 million
- Projected FY 2023 Non-GAAP adjusted net income per share between $0.99 and $1.00
Historical Earnings Impact
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Avg. Return Before/After Earnings
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