Zendesk (ZEN) Tops Q1 EPS by 5c, Offers Guidance

Zendesk (NYSE: ZEN) reported Q1 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $298 million versus the consensus estimate of $294.67 million.

• Shelagh Glaser appointed as Chief Financial Officer, who is expected to join Zendesk on May 28, 2021

GUIDANCE:

Zendesk sees Q2 2021 revenue of $317-322 million, versus the consensus of $309.8 million.

• GAAP operating income (loss) in the range of $(42) - (38) million, which includes share-based compensation and related expenses of approximately $59 million, amortization of purchased intangibles of approximately $2 million, and acquisition-related expenses of approximately $1 million
• •Non-GAAP operating income (loss) in the range of $20 - 24 million, which excludes share-based compensation and related expenses of approximately $59 million, amortization of purchased intangibles of approximately $2 million, and acquisition-related expenses of approximately $1 million
  

Zendesk sees FY2021 revenue of $1.298-1.318 billion, versus the consensus of $1.3 billion.

• GAAP operating income (loss) in the range of $(160) - (155) million, which includes share-based compensation and related expenses of approximately $245 million, amortization of purchased intangibles of approximately $8 million, and acquisition-related expenses of approximately $3 million

For earnings history and earnings-related data on Zendesk (ZEN) click here.

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