ZoomInfo Q1 2024 Earnings Report
Key Takeaways
ZoomInfo reported a 3% year-over-year increase in revenue, reaching $310.1 million for Q1 2024. The company's GAAP operating income was $43.0 million, with a margin of 14%, while adjusted operating income was $119.4 million, representing a 39% margin. GAAP cash flow from operations was $115.9 million, and unlevered free cash flow was $122.7 million.
Revenue reached $310.1 million, a 3% increase year-over-year.
GAAP Operating income was $43.0 million with a 14% margin.
GAAP Cash flow from operations was $115.9 million.
The company closed the quarter with 1,760 customers with $100,000 or greater in annual contract value.
ZoomInfo
ZoomInfo
Forward Guidance
ZoomInfo provided guidance for Q2 2024 with GAAP revenue expected to be between $306 million and $309 million. Full year 2024 GAAP revenue is projected to be between $1.255 billion and $1.27 billion.
Positive Outlook
- Q2 2024 GAAP Revenue: $306 - $309 million
- FY 2024 GAAP Revenue: $1.255 - $1.27 billion
- FY 2024 Non-GAAP Adjusted Operating Income: $488 - $495 million
- FY 2024 Non-GAAP Adjusted Net Income per share: $1.00 - $1.02
- FY 2024 Weighted Average Shares Outstanding: 394 million