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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 has been selected to support Xerox’s CareAR in monetizing its augmented reality service experience management platform. Utilizing Zuora's cloud-based subscription management, CareAR aims to enhance its digital customer support services for a global market. CareAR is part of an industry trend to adopt augmented reality solutions, which Deloitte reports will see a 100% increase in 2021. Zuora will facilitate subscription monetization and billing, providing a seamless experience for CareAR customers.
Zuora, Inc. (NYSE: ZUO) reported Q3 fiscal 2022 results with total revenue of $89.2 million, up 16% year-over-year, and subscription revenue reaching $73.8 million, an increase of 19%. Despite the growth, GAAP net loss widened to $22.9 million, or 26% of revenue, compared to a loss of $16.8 million in Q3 fiscal 2021. The company's dollar-based retention rate improved to 110%. Key highlights included launching a Unified Monetization solution and integration with Microsoft, enhancing its service offerings in the Subscription Economy.
Zuora, Inc. (NYSE: ZUO) announced the launch of Real-Time Revenue for its Zuora Revenue platform, enabling businesses to automatically recognize, reconcile, and analyze revenue efficiently. This innovation aims to simplify the financial close process, traditionally marred by complexity and human error, particularly for subscription-based models.
The Close Process Dashboard continuously reconciles revenue, helping organizations to identify and resolve errors rapidly. With this tool, companies can improve revenue forecasting and set agile revenue targets, enhancing overall financial management.
Zuora (NYSE: ZUO) will report its financial results for the third quarter of fiscal 2022, ending October 31, 2021, on December 1, 2021. The announcement follows the market close, with a conference call scheduled at 2:00 p.m. PT / 5:00 p.m. ET to discuss results and business highlights. Zuora's platform supports subscription management across industries and serves over 1,000 companies globally, including notable clients like Ford and Zoom. Investors can access the live webcast and replay for this event at Zuora Investor Relations.
Zuora, Inc. (NYSE: ZUO) announced the launch of Zuora CPQ X, a new Configure, Price, Quote (CPQ) solution aimed at enhancing sales efficiency in the Subscription Economy. The platform allows sales teams to quote up to 35% faster throughout the entire subscriber lifecycle. With the Subscription Economy revenue growing by 437% over the past decade, Zuora CPQ X addresses challenges posed by evolving service terms. It integrates with Zuora Billing and Revenue for a complete quote-to-revenue process, ensuring sales and finance teams can work in sync.
Zuora, Inc. (NYSE: ZUO) has entered into a multi-tiered agreement with Microsoft to enhance its subscription management platform through integrations with Azure, Dynamics 365 Finance, and Power BI. These collaborations aim to provide businesses with greater agility in deploying new models, accelerating digital transformations, and optimizing subscriber experiences. The integration allows for bi-directional communication between Zuora Revenue and Dynamics 365 Finance, while Power BI will embed interactive reports into Zuora applications, further driving insights and supporting revenue growth.
Zuora, Inc. (NYSE: ZUO) has launched a new Unified Monetization solution at its customer event, addressing the growing consumer preference for services over ownership. This platform will allow businesses to monetize subscriptions, products, and usage-based services in one integrated experience. With 75% of consumers favoring services, Zuora aims to support diverse monetization models, enabling companies to enhance subscriber experiences. Additionally, new enhancements to Zuora's Central Platform will enable faster deployment and increased productivity for users, further solidifying its position in the Subscription Economy.
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.
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