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Zuora (NYSE: ZOU): Q3 2020 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— Cloud-based software company Zuora (NYSE: ZOU) reported an adjusted net loss of $0.06 per share for the third quarter of 2020, vs. $0.09 per share loss expected.

— Unadjusted net loss attributable to common stockholders was $18.2 million or $0.16  per share, compared to a loss of $17.2 million or $0.16 per share last year

— Revenues rose 17% annually to $71.8 million, vs. $70.4 million expected; subscription revenue was $54.0 million, up 25% year-over-year

— The number of customers with ACV equal-to-or-greater-than $100,000 was 586, higher by 16% from last year

— Appointed James Huang, a former executive of WorkForce, as the new Senior Vice President of global strategic alliances

— Expects fourth-quarter revenues to be in the range of $71 million to $72.5 million, and subscription revenue between $54 million and $55 million

— Expects an adjusted loss between $0.11 per share and $0.09 per share for the fourth quarter

— Looking for full-year revenues in the $276.7-$278.2 million range and subscription revenue between $206.0 million and $207.0 million

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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