Zuora beats by $0.04, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY25 EPS in-line, reaffirms FY25 revs guidance
- Reports Q1 (Apr) earnings of $0.11 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.07; revenues rose 6.5% year/year to $109.77 mln vs the $108.82 mln FactSet Consensus.
- Customers with annual contract value (ACV) equal to or greater than $250,000 were 451, up from 436 as of April 30, 2023.
- Dollar-based retention rate (DBRR) was 104%, compared to 108% as of April 30, 2023.
- Annual Recurring Revenue (ARR) was $404.4 million compared to $373.9 million as of April 30, 2023, representing ARR growth of 8%.
- Customers with annual contract value (ACV) equal to or greater than $250,000 were 451, up from 436 as of April 30, 2023.
- Co issues in-line guidance for Q2 (Jul), sees EPS of $0.09-0.10, excluding non-recurring items, vs. $0.09 FactSet Consensus; sees Q2 revs of $111.5-113.5 mln vs. $112.34 mln FactSet Consensus.
- Co issues guidance for FY25 (Jan), sees EPS of $0.41-0.43 (up from $0.40-0.42), excluding non-recurring items, vs. $0.41 FactSet Consensus; sees FY25 revs of $451-459 mln vs. $454.95 mln FactSet Consensus.
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