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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) 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.
Zuora (NYSE: ZUO) announced the financial results reporting date for its second quarter of fiscal 2023, ending July 31, 2022. The earnings announcement will occur post-market on August 24, 2022. Following the release, Zuora's management will host a conference call at 2:00 p.m. PT to discuss financial results and business highlights. The company serves over 1,000 clients globally, providing a cloud-based subscription management platform tailored for recurring business models.
Zuora (NYSE: ZUO) has launched Zuora Secure Data Share for Snowflake, facilitating a near real-time data pipeline for enterprises. This collaboration aims to enhance recurring revenue by merging Zuora's subscription management capabilities with Snowflake's data analytics. The solution allows businesses to quickly analyze customer data from multiple sources, streamlining operations and improving customer experience. With features like Managed Warehouse and Managed Pipeline, organizations can identify trends and mitigate churn more effectively, optimizing their subscription strategies in a dynamic market.
Zuora, Inc. (NYSE: ZUO) has partnered with BNP Paribas Leasing Solutions to launch innovative usage-based financial solutions for professional equipment. This collaboration aims to cater to the evolving needs of manufacturers by allowing customizable invoicing based on actual usage, thus facilitating a shift towards a more sustainable and circular economy. Initially targeting France and Germany, the initiative intends to expand across Europe, providing firms with enhanced access to necessary equipment without the burdens of ownership or maintenance.
Zuora, Inc. (NYSE: ZUO), a leader in cloud-based subscription management, announced CFO Todd McElhatton will join a fireside chat at the Berenberg Thematic Software Conference 2022 in London on June 15, 2022, at 5:00 p.m. BST (12:00 p.m. ET / 9:00 a.m. PT). The event will be available via live webcast and replay on Zuora's investor relations site.
Zuora serves over 1,000 global companies, providing essential tools for managing subscription businesses, ensuring efficient revenue recognition and customer relationship management.
Zuora, Inc. (NYSE: ZUO) has announced that its Founder & CEO Tien Tzuo and CFO Todd McElhatton will present at Baird's 2022 Global Consumer, Technology & Services Conference in New York City on June 8, 2022, at 2:00 p.m. Eastern Time. The presentation will be available for live webcast and replay on Zuora's investor relations website.
Zuora is known for its cloud-based subscription management platform, serving over 1,000 businesses globally, including major brands like Ford and Zoom.
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