Thursday, October 28, 2021
Oct. 28, 2021

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Vancouver-based ZoomInfo reports strong quarter

Revenues up 57% over last year, at $174 million

By , Columbian Assistant Metro Editor
Published:

Vancouver-based marketing information company ZoomInfo announced it reached its highest retention rate and customer engagement, ending its most recent quarter with more than 1,100 customers with $100,000 or greater in annual contract value.

Revenues for the quarter were $174 million, an increase of 57 percent year-over-year, the company stated.

It reported an operating income of $40.9 million and an adjusted operating income of $75.8 million.

“ZoomInfo delivered another record quarter, including the highest levels ever for both retention activity and customer engagement, and accelerating revenue growth, as customers in all industries continue to choose ZoomInfo to transform their go-to-market motion,” Henry Schuck, ZoomInfo founder and chief executive officer, said in a statement.

ZoomInfo acquired two companies over the second quarter: Chorus.ai, a “conversation intelligence” company in July; and Insent.ai, a company that identifies website visitors in real-time, uses artificial intelligence and “advanced lead routing rules” to initiate real-time conversations.

The company’s stock ended the day Monday with a price of $54.78 per share, up 21.52 percent year-over-year.

Its headquarters in the 805 Broadway building holds one of downtown Vancouver’s largest workforces. The company’s stock became publicly traded on the Nasdaq exchange in June 2020.

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