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Saturday, June 3, 2023
June 3, 2023

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Vancouver’s ZoomInfo stock rises after earnings report

By , Columbian staff writer

ZoomInfo Technologies brought in $267.1 million in revenue in this year’s second fiscal quarter, an increase of 54 percent over last year, the company announced this week.

The Vancouver company, which provides databases of information useful in business-to-business transactions, reported $39.5 million operating income in its quarter. Cash flow from operations was $106.2 million.

“We are executing well, and demand remains strong,” said Henry Schuck, founder and chief executive, during the company’s quarterly investor call with analysts.

The company’s stock, which trades on the Nasdaq under the ZI ticker symbol, closed Tuesday at $41.97, up $2.81 per share.