Zuora, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 24, 2022 at 04:11 pm EDT
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Zuora, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported revenue was USD 98.78 million compared to USD 86.49 million a year ago. Net loss was USD 29.91 million compared to USD 23.69 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago.
For the six months, revenue was USD 191.97 million compared to USD 166.82 million a year ago. Net loss was USD 53.08 million compared to USD 41.35 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.34 a year ago.
Zuora, Inc. provides monetization suite for modern businesses. The Company's technology solutions enable companies across multiple industries and geographies to build, run, and grow a modern, subscription business, automating the quote-to-revenue process, including offers, billing, collections, and revenue recognition. Its solution includes Zuora Billing, Zuora Revenue, Zuora Payments, Zephr, and Zuora Platform. Zuora Billing helps users to set payment terms, manage billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions. Zuora Revenue is a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams. Zuora Payments is designed to provide payment orchestration services for companies looking to operate globally, helping them in conversions while reducing costs. Zephr is a digital subscriber experience platform that helps companies, including those in the digital publishing and media industry.
ZUORA, INC. 
