ZoomInfo Technologies to Reduce Workforce by 3%, Focusing on Tech Jobs in Upwork
June 21, 2023
🌥️Trending News
ZOOMINFO ($NASDAQ:ZI): ZoomInfo Technologies, a prominent marketing technology corporation, is set to reduce its workforce by approximately 3 percent. The company is taking this initiative to streamline its operations in the tech job sector on Upwork. ZoomInfo Technologies is a leading provider of cloud-based solutions for marketing and sales professionals. The company is committed to helping businesses of all sizes achieve success through its innovative and intuitive products and services. In addition to its tech jobs on Upwork, the company also provides data-driven insights and analytics for companies to better understand their market trends and customer base.
The decision to reduce the company’s workforce by 3 percent reflects ZoomInfo Technologies’ commitment to staying agile and competitive in today’s market. By focusing on tech jobs on Upwork, the company aims to better meet the needs of its customers while continuing to develop and expand its offerings. With this move, ZoomInfo Technologies is taking steps to ensure it remains a leader in marketing technology and continues to deliver value to its customers.
Analysis
As GoodWhale has conducted the analysis of ZOOMINFO TECHNOLOGIES‘ fundamentals, our Star Chart shows that the company has a high health score of 8/10 with regard to its cashflows and debt, which indicates its capability to safely ride out any crisis without the risk of bankruptcy. Moreover, it has strong growth, medium profitability and weak asset and dividend, which classifies it as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who are looking for growth opportunities and willing to take on more risk may be interested in investing in such a company. However, investors should exercise caution and assess the company’s financial health prior to making any investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zoominfo Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.16k | 101.5 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zoominfo Technologies. More…
| Operations | Investing | Financing |
| 420.6 | -292.1 | -44.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zoominfo Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.17k | 4.85k | 5.75 |
Key Ratios Snapshot
Some of the financial key ratios for Zoominfo Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.3% | 45.3% | 25.0% |
| FCF Margin | ROE | ROA |
| 33.9% | 7.9% | 2.5% |
Peers
Its competitors include Salesforce Inc, Snowflake Inc, Microsoft Corp.
– Salesforce Inc ($NYSE:CRM)
Salesforce is a cloud-based customer relationship management software company. They offer a variety of software solutions for businesses of all sizes, including Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and more. Their products are designed to help businesses automate and streamline their sales, marketing, customer service, and commerce processes. Salesforce has a market cap of $162.59B as of 2022 and a Return on Equity of 0.08%.
– Snowflake Inc ($NYSE:SNOW)
Snowflake Inc is a data warehouse company that focuses on cloud-based data warehousing. The company has a market cap of 51.3B as of 2022 and a Return on Equity of -8.11%. Snowflake was founded in 2012 and is headquartered in San Mateo, California. The company went public in September 2020.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of 1.7 trillion as of April 2021. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of tablets, laptops, and desktop computers. The company also has a cloud computing division called Azure and a professional social network LinkedIn.
Summary
ZoomInfo Technologies is a leading marketing technology company that produces actionable insights to help businesses increase revenue. Their services include comprehensive sales intelligence, advanced marketing solutions, and powerful integrations. For those interested in investing in ZoomInfo Technologies, it is important to consider the company’s financial performance and competitive position. ZoomInfo has reported strong revenue growth over the past two years, as well as a healthy balance sheet with little debt.
Additionally, ZoomInfo’s suite of products and services are well-positioned within the marketing technology space, with strong customer loyalty and increasing demand from both small and large companies. Given these factors, ZoomInfo Technologies is an attractive investment opportunity.
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