ZUO - Zuora EPS beats by $0.01 beats on revenue

Zuora (NYSE:ZUO): Q3 Non-GAAP EPS of -$0.02 beats by $0.01; GAAP EPS of -$0.18 misses by $0.01. Revenue of $89.23M (+15.5% Y/Y) beats by $2.69M. Shares +7.38%. Press Release Subscription revenue was $73.8 million, an increase of 19% year-over-year. Customers with ACV equal to or greater than $100,000 were 720, which represents 10% year-over-year growth. Dollar-based Retention Rate was 110%, compared to 99% as of October 31, 2020. Our ARR Growth was 19%, compared to 12% as of October 31, 2020. Customer usage of Zuora solutions grew, with $18.8 billion in transaction volume through Zuora’s billing platform during our third quarter, an increase of 28% year-over-year. Q4 Guidance: Total revenue of $90.0M - $91.0M vs. $87.97M consensus, Non-GAAP EPS of ($0.03) - ($0.02) vs. ($0.02) consensus. FY Guidance: Total revenue of $345.0M - $346.0M vs. $341.41M consensus, Non-GAAP EPS of ($0.11) - ($0.10) vs. ($0.11) consensus.

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Zuora EPS beats by $0.01, beats on revenue