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Jul 31, 2020
Zuora Q2 2021 Earnings Report
Reported solid results driven by the increasing demand for subscription business models.
Key Takeaways
Zuora reported an 8% year-over-year increase in total revenue, reaching $75.0 million, and a 15% year-over-year increase in subscription revenue, which was $58.3 million. The company's GAAP net loss was $20.1 million, while non-GAAP net loss was significantly reduced to $0.2 million. The company provided guidance for the third quarter of fiscal year 2021.
Total revenue increased by 8% year-over-year, reaching $75.0 million.
Subscription revenue grew by 15% year-over-year, totaling $58.3 million.
GAAP net loss improved to $20.1 million, or 27% of revenue, compared to $20.8 million, or 30% of revenue, in the prior year.
Non-GAAP net loss significantly decreased to $0.2 million from $9.5 million in the same quarter last year.
Revenue by Segment
Forward Guidance
For the third quarter of fiscal year 2021, Zuora expects total revenue between $73.0 million and $75.0 million, and subscription revenue between $59.0 million and $60.0 million.
Positive Outlook
- Expects third quarter subscription revenue between $59.0M - $60.0M
- Expects third quarter total revenue between $73.0M - $75.0M
Challenges Ahead
- Expects third quarter Non-GAAP loss from operations between $(5.5M) - $(4.5M)
- Expects third quarter Non-GAAP net loss per share between $(0.05) - $(0.04)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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