Zuora, Inc. (ZUO) Misses Q1 EPS by 2c; Offers FY23 Guidance

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Go back to Zuora, Inc. (ZUO) Misses Q1 EPS by 2c; Offers FY23 Guidance

Zuora Reports First Quarter Fiscal 2023 Results

May 25, 2022 4:04 PM EDT

Subscription revenue grew 21% 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 first quarter ended April 30, 2022.

Our first quarter continued to demonstrate the resilience of the recurring revenue model, and our unique ability to provide a complete quote to cash and revenue recognition process at scale. We exceeded guidance for total revenue and subscription revenue. Long-term trends continue to support the broadening Subscription Economy and we... More