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Zuora, Inc. (symbol: ZUO) is a pioneer in the subscription economy, offering a comprehensive suite of cloud-based software solutions designed to help businesses transition from traditional product-based sales to subscription models. Headquartered in the heart of Silicon Valley, Zuora's mission is to empower businesses worldwide to succeed in the subscription economy, where consumers prefer access over ownership.
Zuora's flagship product, Zuora Central, serves as an intelligent subscription management hub. It automates the entire order-to-cash process, encompassing functionalities such as quoting, billing, collections, analytics, and revenue recognition. This platform aids businesses in various industries to seamlessly launch and manage their subscription services, helping them implement innovative pay-as-you-go pricing models, gain valuable insights into subscriber behavior, and unlock new revenue streams.
Zuora's product lineup includes Zuora Billing, Zuora Revenue, Zuora Payments, Zephr, and the Zuora Platform. Each product is designed to enhance and support the core subscription management capabilities, providing businesses with the flexibility and tools they need to disrupt their markets and gain a competitive advantage.
With over 1,000 customers globally, including industry giants like Dell, Vivint, Schneider Electric, Box, The Financial Times, and General Motors, Zuora has established itself as a trusted partner in the subscription economy. The company operates offices in key cities around the world, including Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney, and Tokyo.
Zuora's financial performance reflects its strong market position and the growing demand for subscription-based business models. The company derives the majority of its revenue from the United States, with a significant portion coming from its cloud-based software subscriptions.
Recent achievements for Zuora include expanding its product offerings, forming strategic partnerships, and implementing innovative solutions that drive business growth for its clients. As the world continues to shift towards subscription-based models, Zuora remains at the forefront, enabling businesses to adapt and thrive in this evolving landscape.
Zuora (NYSE: ZUO) has announced its participation in two significant upcoming investor events. The first is Deutsche Bank's Virtual Technology Conference on September 9 at 9:10 a.m. ET. The second event is the Jefferies Virtual Software Conference on September 15 at 10:30 a.m. ET. Zuora is a leading cloud-based subscription management platform, supporting over 1,000 companies worldwide, including Ford and Zoom. The company's platform automates subscription management, simplifying billing, collections, and revenue recognition processes.
Zuora, Inc. (NYSE: ZUO) reported its fiscal Q2 results for the period ending July 31, 2021, showcasing a 15% increase in total revenue to $86.5 million and a 23% surge in subscription revenue to $71.5 million. However, the company faced a GAAP loss from operations of $23.0 million, slightly increasing from the previous year's loss. The dollar-based retention rate improved to 108%, indicating successful customer engagement. Despite negative free cash flow of $4.4 million, cash reserves stood at $200.9 million, positioning Zuora for future growth.
Zuora (NYSE: ZUO) announced it will report its financial results for Q2 of fiscal 2022, ending July 31, 2021, on August 25, 2021, after market close. A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET that same day to discuss these results. Zuora provides a leading cloud-based subscription management platform, servicing over 1,000 global companies across various industries. This upcoming earnings report is anticipated as investors look for insights into the company's financial health and growth trajectory.
Zuora, Inc. (NYSE:ZUO) congratulates GoPro for exceeding one million subscribers to its subscription service, supported by Zuora's platform since 2016. The service enhances customer value with unlimited cloud storage, premium editing tools, and guaranteed camera replacement. Zuora's system manages recurring transactions and financial operations for GoPro, exemplifying the effectiveness of the subscription business model in fostering customer relationships and growth. The case study on Zuora's website illustrates GoPro's success story in leveraging subscription services.
Zuora, Inc. (NYSE: ZUO) congratulates GoPro for exceeding one million subscribers in its subscription service, supported by Zuora's cloud-based platform since 2016. This subscription offers users cloud storage, editing tools, and exclusive discounts, enhancing customer relationships and growth potential. Zuora functions as an automated subscription management hub for over 1,000 companies globally, facilitating financial processes for recurring business models.
Zuora, a leader in cloud-based subscription management, announced its participation in key investor events. This includes the Jefferies Virtual “Office of the CFO Software Summit” on June 10, featuring CEO Tien Zuo and CFO Todd McElhatton at 11:00 a.m. ET, and the Berenberg “Thematic Software Days” Virtual Conference on June 16, where CFO Todd McElhatton will present at 10:00 a.m. ET. Webcasts, including replays, will be accessible on Zuora's investor relations website. Zuora is a vital player in the Subscription Economy, serving over 1,000 companies globally.
Zuora, Inc. (NYSE: ZUO) reported its fiscal first quarter results, achieving $80.3 million in revenue, a 9% year-over-year increase. Subscription revenue rose 14% to $65.1 million. The GAAP net loss was $17.7 million, or $0.15 per share, with a reduction in both GAAP and non-GAAP losses from the previous year. Cash flow from operations improved, totaling $10.3 million, while free cash flow was $8.6 million. The company highlighted strategic advancements, including a 103% dollar-based retention rate and significant transaction volume growth of 38% year-over-year.
Zuora (NYSE: ZUO) will report its first quarter fiscal 2022 financial results on May 26, 2021, after the market closes. A conference call is scheduled for the same day at 2:00 p.m. PT / 5:00 p.m. ET, where management will discuss the results and business highlights. The call can be accessed live via phone or through an online webcast, with a replay available until June 2, 2021. Zuora specializes in cloud-based subscription management, serving over 1,000 companies globally.
Zuora (NYSE: ZUO) announced that customer F5 has improved its subscription software sales through the Zuora platform. F5 leveraged Zuora’s capabilities to enhance billing, subscription durations, and customer demand for its offerings. The collaboration also included investment in Zuora University for training. This partnership is expected to better position F5 to meet customer expectations in a subscription-based environment, addressing needs such as performance metrics and flexible pricing options.
Zuora, Inc. (NYSE: ZUO) recently hosted a virtual Investor Day, detailing its strategic and financial plans for fiscal year 2025, which ends January 31, 2025. Key targets announced include subscription revenue growth of over 25%, an operating margin of more than 10%, and a non-GAAP subscription gross margin of at least 82%. Additionally, new KPIs were introduced, aiming for ARR growth between 25% to 30% and net dollar retention of 112% to 115%. This event featured insights from senior leadership and key customers, emphasizing Zuora's commitment to enhancing its subscription management platform.
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