Zuora rises on upbeat second-quarter outlook, results beat

Zuora

24/05/2023 23:02

** Shares of cloud-based subscription management platform Zuora
Inc  ZUO.N  up 7.6% at $9.2 after the bell
    ** Co forecasts Q2 total revenue between $108 mln and $109.5
mln, above analysts' avg estimates of $106.7 mln - Refinitiv
IBES
    ** Sees Q2 adj net income between $0.03/shr and $0.04/shr,
above estimates of $0.01/shr
    ** ZUO reports quarterly revenue of $103.1 mln, above
expectations of $102.1 mln
    ** Adds that it saw a 14% rise in subscription revenue
    ** Posts quarterly net income of $0.05/shr, also above
estimates 
    ** As of last close, ZUO shares up 33.8% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))