On February 15, ZoomInfo Technologies Inc. (ZI) disclosed its financial results for Q4 and fiscal 2021. While the company beat both its earnings and revenue estimates, the stock still suffered a loss in the after hours.
At an above-average volume of 6.65 million shares, ZI stock traded between $59.36 and $56.05 during the regular session. The stock closed the session in the green with a gain of 6.20% at $58.78 per share. Following the announcement, ZI took a hit by 13.07% in the after-hours. Hence, the stock was trading at $51.10 per share in the after-hours session on Tuesday.
The holding company, ZoomInfo Technologies Inc. provides a cloud-based sales & marketing teams information platform. Currently, its 403.22 million outstanding shares trade at a market capitalization of $22.32 billion. In the past five days, ZI stock has increased by 9.56% while it has lost 8.44% year to date.
ZI’s 2021 Financial Results
The company had revenue of $222.3 million in Q4 and $747.2 million in fiscal 2021. This shows a YOY growth of 59% and 57% respectively.
Moreover, ZI had adjusted operating income of $86.4 million and $306.6 million in Q4 and fiscal 2021, respectively.
Furthermore, the company reported a non-GAAP net income of $0.18 per diluted share in Q4 2021. The same was $0.57 per diluted share for fiscal 2021.
Future Outlook
The company expects GAAP revenue of $266-$228 million and $1.01-$1.02 billion for Q1 2022 and fiscal 2022, respectively.
Additionally, the expected non-GAAP net income per share is $0.14-$0.15 for Q1 and $0.71-$0.73 for fiscal 2022.
ZI’s MarketingOS Launch
On February 08, the company announced the launch of MarketingOS. MarketingOS is a new account-based marketing (ABM) platform that orients sales and marketing teams in a unified system. The unified system is powered by the company’s world-class business-to-business (B2B) data.
RevOS which is comprised of four platforms including the MarketingOS was also unveiled on February 08. The other three platforms of RevOS are SalesOS, OperationsOS, and RecruitingOS. RevOS is ZI’s modern operating system for revenue professionals.
Partnership with Google Cloud
On January 25, the company announced its strategic partnership with Google Cloud. This partnership will allow easy integration of ZI’s leading B2B data into Google BigQuery.
Through this data importation to Google Cloud, data and operations teams would be able to use data quickly and easily in their workflows. Thus, saving time, money, and resources for their sales and marketing teams.
