ZoomInfo Q2 2023 Earnings Report
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.
ZoomInfo
ZoomInfo
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