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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), a leader in cloud-based subscription management, announced that Chief Product and Engineering Officer Sri Srinivasan and Chief Financial Officer Todd McElhatton will participate in a fireside chat at Morgan Stanley's Tech, Media & Telecom Conference on March 8 at 7:10 p.m. ET. The event will be webcast on Zuora’s investor relations website, with replays available afterward. Zuora’s platform supports over 1,000 companies globally, automating the subscription order-to-revenue process across various industries.
Zuora (NYSE: ZUO) announces a $400 million strategic investment from Silver Lake, aimed at accelerating growth and enhancing its quote-to-revenue product portfolio. This includes $250 million in convertible senior unsecured notes due 2029, bearing an interest rate of 3.95%. Zuora's ARR growth reached 20% year-over-year, and its Dollar Based Retention Rate increased to 110%. Joe Osnoss from Silver Lake is set to join Zuora's Board of Directors, further reinforcing the company's leadership in the Subscription Economy.
Zuora, Inc. (NYSE: ZUO) reported strong financial results for its fiscal fourth quarter and full year ending January 31, 2022, with total revenue of $90.7 million, up 14% year-over-year. Subscription revenue grew 19% to $77.3 million. Full year subscription revenue reached $346.7 million, marking a 14% increase, with free cash flow positive for the first time at $10.3 million. The company's dollar-based retention rate improved to 110%. A strategic $400 million investment from Silver Lake enhances Zuora's growth prospects.
Zuora, Inc. (NYSE: ZUO) released the latest Subscription Economy Index™ (SEI) report, revealing that subscription businesses grew 16.2% in 2021, significantly outpacing the S&P 500's 12% growth. The report indicates a 14% decrease in churn rates, showcasing improved retention. SaaS remains the fastest-growing sector with a 19.4% compound annual growth rate. Overall, the SEI demonstrated a 17.5% 10-year CAGR, reinforcing the resilience and demand for subscription models.
Zuora (NYSE: ZUO) will announce its fourth quarter fiscal 2022 financial results on March 2, 2022, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and business highlights. Zuora, known for its cloud-based subscription management platform, serves over 1,000 global companies, including major names like Ford and Zoom. Investors can access the live webcast and a replay following the call.
Zuora has appointed Andrew Cohen as its new Chief Legal Officer, effective February 14, 2022. Cohen succeeds Jennifer Pileggi, who is retiring after a six-year tenure. With over 20 years of experience in global legal roles, Cohen previously served as SVP, General Counsel at Pivotal and was a key player in its IPO and subsequent acquisition by VMware. Cohen's expertise is expected to enhance Zuora's legal frameworks, mitigate risks, and support the company's growth in the Subscription Economy.
Zuora, Inc. (NYSE: ZUO) has appointed two new independent board directors: Laura Clayton McDonnell and Amy Guggenheim Shenkan. Clayton McDonnell, currently Senior VP at ServiceNow, brings extensive experience in enterprise sales, while Shenkan, a Senior Advisor at Altamont Capital, adds her expertise in digital transformation. Their appointments aim to enhance Zuora’s strategic direction in the growing Subscription Economy. CEO Tien Tzuo expressed excitement about their leadership and insights, which are expected to help drive Zuora's growth and better serve its enterprise customers.
Zuora, a leading cloud-based subscription management platform, announced its participation in two upcoming investor events. The Jefferies Virtual Software Summit will feature CFO Todd McElhatton and CRO Robbie Traube on January 10 at 6:00 p.m. ET. Following this, CEO Tien Tzuo and CFO Todd McElhatton will present at the 24th Annual Needham Virtual Growth Conference on January 12 at 11:30 a.m. ET. Live webcasts and replays will be available on Zuora’s investor relations website.
Zuora, Inc. (NYSE: ZUO), a leader in cloud-based subscription management, announced that its CEO, Tien Tzuo, and CFO, Todd McElhatton, will participate in Baird’s Virtual Bus Tour on December 17, 2021, at 8:00 a.m. PT (11:00 a.m. ET). The presentation will be accessible via live webcast on Zuora's investor relations website. Zuora provides a platform that supports dynamic subscription business models, serving over 1,000 companies globally, including notable names like Zoom and Ford.
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