Zuora beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus
- Reports Q3 (Oct) loss of $0.10 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.13); revenues rose 32.8% year/year to $61.6 mln vs the $58.96 mln S&P Capital IQ Consensus.
- Customers with ACV equal to or greater than $100,000 was 504, a net increase of 30 customers, representing 30% year-over-year growth and 6% quarter-over-quarter growth. Dollar-based retention rate increased to 115% driven by incremental improvements to gross churn and robust upsell activity. Customer usage of Zuora solutions grew, with $8.6 billion in transaction volume through Zuora's billing platform during Q3, an increase of 37% year-over-year
- Co issues guidance for Q4, sees EPS of ($0.12-0.11), excluding non-recurring items, vs. ($0.12) S&P Capital IQ Consensus; sees Q4 revs of $62.3-63.3 mln vs. $60.50 mln S&P Capital IQ Consensus.
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