Zuora Reports Third Quarter Fiscal 2022 Results
Zuora, Inc. Class A (ZUO)
Last zuora, inc. class a earnings: 3/12 04:12 pm
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Source: Business Wire
Subscription revenue grew 19% year-over-year; total revenue grew 16% year-over-year REDWOOD CITY, Calif.--(BUSINESS WIRE)--Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced financial results for its fiscal third quarter ended October 31, 2021.“Q3 was another solid quarter. We continued to deliver strong performance, exceeding our guidance for operating metrics including total revenue, subscription revenue, and non-GAAP loss from operations. It was also the highest upsell quarter in Zuora’s history. Based on our overall results, our dollar-based retention rate, and ARR growth, we are confident in our strategy and believe our opportunity in the Subscription Economy continues to expand,” said Tien Tzuo, founder and CEO of Zuora.Third Quarter Fiscal 2022 Financial Results:Revenue: Total revenue was $89.2 million, an increase of 16% year-over-year. Subscription revenue was $73.8 million, an increase of 19% year-over-year.GAAP Los
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