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Navigating ZoomInfo's (NASDAQ: ZI) Financial Landscape: Highlights from FY23 and Expectations for FY24

ZoomInfo Technologies Inc. (NASDAQ: ZI), based in the US, offers a go-to market intelligence platform. It helps businesses to find, acquire and grow customers through its cloud-based platform. Recently, the company has launched ZoomInfo Copilot. It is an AI-driven solution that employs go-to market data and helps in boosting sales effectiveness. The company has a market capitalization of US$5.98 billion.

Insights of FY23

In FY23, the company reported an operating margin of 33.6% versus the industry median of 4.3%. Similarly, Return on Equity (ROE) was 4.9% compared to industry median of 2.5%. The company’s GAAP revenue throughout 2023 recorded a year on year (YoY) increment of 13%. Other highlights of FY23 are depicted in the picture below:

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