Wednesday, December 7, 2022
Dec. 7, 2022

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Vancouver-based ZoomInfo closes 2021 with best quarter in company history

Business reports $222.3 million in revenue, 59% gain

By , Columbian staff writer
Published:

Vancouver-based ZoomInfo marked its best fiscal quarter ever during a Tuesday call with investors.

Revenue for the final quarter in 2021 came in at $222.3 million. That was 59 percent over revenues for the last quarter of 2020. The quarter’s operating income increased 18 percent to $24.2 million with an operating income margin of 11 percent.

“This was the strongest fourth quarter in the company’s history,” said Henry Schuck, chief executive of the company, during a Tuesday call with investors.

The company reported revenue for 2021 at $747.2 million, a 57 percent increase over last year. The company’s annual operating income was reported at $113.3 million, a 205 percent increase over last year. Annual operating income margin came in at 15 percent.

Schuck said ZoomInfo has continued to grow across all of its major initiatives: enterprise, international markets and products. He said the company added more customers this year than ever before.

Earlier in the year, ZoomInfo acquired two companies, Chorus.ai and RingLead, which proved to be beneficial for the Vancouver company.

The acquisition of Chorus.ai and subsequent growth and development of it has made ZoomInfo, what Schuck called, “the fastest growing conversation intelligence provider in the market.”

“We have consistently proven our ability to acquire wealth, integrate quickly, innovate on top of and accelerate the growth rates of the companies we acquire.”

The company made many big moves in recent days. Just since January, ZoomInfo has announced a global expansion into Europe, a partnership with Google Cloud, the launch of a new account-based marketing platform and the licensing of its data-as-a-service platform to U.S. government agencies.

As the year closed out, international revenue for the company was up 91 percent.

“We expect our momentum across all of these initiatives to continue into 2022 with our initial guidance for the year calling for revenue growth of 36 percent,” said Schuck.

ZoomInfo stock, which trades on the Nasdaq under the ZI ticker symbol, closed up 6.2 percent in trading Tuesday at $58.78 a share.

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