Welcome to our dedicated page for Zuora news (Ticker: ZUO), a resource for investors and traders seeking the latest updates and insights on Zuora stock.
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) has launched new consumption-based billing and revenue recognition solutions aimed at improving revenue forecasting and customer retention. These offerings provide comprehensive billing capabilities aligned with ASC 606 and IFRS 15 standards, crucial for adapting to uncertain economic conditions. Currently powering 40% of its customers, Zuora reports an increase in net dollar retention by 22% and subscriber growth by 11% year-over-year.
Zuora, Inc. (NYSE: ZUO) announced that CFO Todd McElhatton will participate in a fireside chat at the 25th Annual Needham Growth Conference on January 10, 2023, at 8:45 a.m. ET. The event will be webcast live and accessible for replay on Zuora’s investor relations website. Zuora is a premier monetization platform for recurring revenue businesses, helping over 1,000 companies globally, including industry leaders like General Motors and Siemens, manage and optimize their customer relationships.
Zuora, Inc. (NYSE: ZUO) reported fiscal third quarter results for 2023, showing strong revenue growth amid macroeconomic challenges. Subscription revenue rose by 17% year-over-year, reaching $86.6 million, while total revenue grew 13% to $101.1 million. However, the company faced a GAAP net loss of $37 million, worsening from the previous year's $22.9 million loss. To enhance future profitability, Zuora announced an 11% workforce reduction, expected to incur about $9.5 million in charges. The company anticipates continued ARR growth of 19%.
Zuora (NYSE: ZUO) will release its third quarter fiscal 2023 financial results on December 6, 2022, after the market closes. Following the announcement, Zuora's management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and business highlights. The call will include participant dial-in options and a live webcast available at investor.zuora.com. This event marks an important opportunity for investors to gain insights into Zuora's performance, as it supports numerous global clients in monetizing subscription services.
Zuora, Inc. (NYSE: ZUO) released its Subscription Economy Index™ (SEI) Snapshot, showing subscription businesses outperformed traditional firms in the S&P 500 during H1 2022. Revenue growth for SEI companies was 9% higher than the S&P 500, indicating resilience amid economic uncertainty. Key metrics include a 24% revenue growth advantage for SEI in Q2, subscriber growth rates over double 2021 averages, and churn rates lower than pre-pandemic levels. The report highlights the strength of recurring revenue models, suggesting sustained stability for companies leveraging these strategies.
Zuora, Inc. (NYSE: ZUO), a leader in cloud-based subscription management, announced its CFO Todd McElhatton will participate in a fireside chat at the Jefferies Office of the CFO Summit on September 27, 2022, at 9 a.m. PT. The session will be webcast live and available for replay at Zuora’s investor relations website. Zuora supports over 1,000 companies globally, providing a robust platform designed for the Subscription Economy, automating various revenue processes. For more information, visit www.zuora.com.
Zuora (NYSE: ZUO) has finalized its acquisition of Zephr, a subscription experience platform, for $44 million in cash, plus an earnout consideration of up to $6 million. This strategic move aims to enhance Zuora's capabilities in the subscription economy, particularly in media and digital publishing. CEO Tien Tzuo emphasized that the acquisition will help companies engage effectively with subscribers through optimized digital experiences. The deal was initially announced on August 24, 2022.
Zuora, Inc. (NYSE: ZUO) reported its fiscal second quarter results for 2023, highlighting a 17% growth in subscription revenue and a 14% increase in total revenue year-over-year. Subscription revenue reached $83.8 million, while total revenue hit $98.8 million. Despite these gains, the company recorded a GAAP net loss of $29.9 million, compared to $23.7 million in the prior year. Notably, the company announced its acquisition of Zephr to enhance its service offerings. Guidance for the next quarter indicates continued growth amid market uncertainties.
Zuora, a leading cloud-based subscription management platform provider, announced its planned acquisition of Zephr for $44 million in cash, potentially adding up to $6 million based on performance. The acquisition aims to enhance Zuora's offerings in the media sector, expecting to contribute around $5 million to annual recurring revenue (ARR). This strategic move aligns with the growing demand for subscription services in media and publishing, facilitating improved subscriber experiences through Zephr's advanced platform capabilities.
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