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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, Inc. (NYSE: ZUO) announced a second $1 million stock contribution to Zuora.org to support nonprofits focused on underrepresented communities. CEO Tien Tzuo emphasized the responsibility to promote inclusivity within the Subscription Economy. The 2020 Impact Report highlighted $872,711 granted to over 50 organizations and notable contributions towards racial equity and community stability. New Director of Social Impact, Rachael Claudio, aims to enhance access to subscription-based opportunities.
Zuora, Inc. (NYSE: ZUO), a leader in subscription management, has collaborated with Boston Consulting Group and the Subscribed Institute on a study emphasizing the importance of existing customer revenue in subscription businesses. The research reveals that 70-80% of revenue should originate from current customers to drive growth. Key findings indicate that companies focusing on this 'land and expand' strategy can achieve nearly double the annual recurring revenue (ARR) growth compared to traditional firms, alongside a 30% higher ARR.
Zuora, Inc. (NYSE: ZUO) will host a virtual Investor Day on April 12, 2021, at 10:00 a.m. PT. The event will feature presentations from the leadership team, including Tien Tzuo (CEO), Sri Srinivasan (CPO), Robbie Traube (CRO), and Todd McElhatton (CFO). A Q&A session will conclude the event. The webcast replay will be available on Zuora’s Investor Relations website after the event. Zuora provides a cloud-based subscription management platform, serving over 1,000 clients globally, including Ford and Zoom, highlighting its role in the Subscription Economy.
Zuora, a leader in subscription management, has launched Zuora Collect AI, enhancing its subscription management suite. This innovative tool utilizes machine learning from extensive transaction data to automate payment retries, leading to a reported revenue recovery increase of 10-20% for users. With a significant shift towards usership, 78% of adults now use subscription services. Collect AI aims to minimize payment failures, which affect nearly half of businesses. The product is designed specifically for recurring and usage-based models, further solidifying Zuora's market position.
Zuora, Inc. (NYSE: ZUO) reported strong financial results for the fourth quarter and full year ended January 31, 2021. Total revenue rose to $79.3 million, a 13% year-over-year increase, with subscription revenue up 19% at $65.1 million. GAAP net loss narrowed to $18.8 million, or $0.16 per share, improving from the prior year. For the full year, revenue reached $305.4 million, an 11% increase. The firm reported a dollar-based retention rate of 100% and significant transaction volume growth of 30%. They also announced a strategic partnership with Stripe to boost the Subscription Economy.
Zuora, a leader in subscription management technology, revealed its latest Subscription Economy Index™ (SEI), demonstrating subscription businesses outpacing the S&P 500 by nearly six times over nine years. Consumer preferences are shifting towards subscriptions, with 78% of adults currently utilizing these services. In 2020, subscription companies grew revenues by 11.6%, contrasting with a -1.6% decline in S&P 500 sales. The SEI growth rate reached 437%, highlighting the strong performance across various sectors, including SaaS and IoT.
Zuora (NYSE:ZUO) announced that AIMS360, a fashion ERP company, has successfully transitioned to selling 100% of its software as subscriptions using Zuora's platform. This shift was prompted by the need to better monetize services and strengthen subscriber relationships. AIMS360 faced limitations with its previous accounting system, making Zuora's automated tools critical for managing renewals and customer relationships effectively. The partnership has enabled AIMS360 to adapt swiftly to market changes, demonstrated by their ability to offer temporary discounts during the pandemic.
Zuora, Inc. (NYSE: ZUO) will report its financial results for the fourth quarter of fiscal 2021 on March 11, 2021, after market close. A conference call and webcast will be held at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Zuora, the leading cloud-based subscription management platform, serves over 1,000 global companies, including Box, Ford, and Zoom. For more information, visit www.zuora.com.
Zuora, a leader in cloud-based subscription management, announced that CFO Todd McElhatton will participate in the 2021 Goldman Sachs Technology and Internet Conference on February 10, 2021, at 2:00 p.m. ET. The event will be webcast live on Zuora’s investor relations website, with replays available post-event. Zuora supports over 1,000 global companies, facilitating dynamic subscription models through its platform. With its headquarters in Silicon Valley, Zuora also has a global presence in the U.S., EMEA, and APAC.
Zuora, Inc. (NYSE: ZUO) has appointed Sri Srinivasan as Chief Product and Engineering Officer. With over 25 years of experience, Srinivasan has previously held senior positions at Cisco and Microsoft, playing pivotal roles in their SaaS transformations. He will report to Zuora's founder and CEO, Tien Tzuo, leading product and engineering efforts. Tien Tzuo emphasized Srinivasan's expertise in driving cloud-enabled solutions, marking a strategic step for Zuora as it aims to enhance its subscription management platform amid evolving business models.
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