ZUO - Zuora Non-GAAP EPS of -$0.04 beats by $0.02 revenue of $103.04M beats by $2.81M

• Zuora press release ( NYSE: ZUO ): Q4 Non-GAAP EPS of -$0.04 beats by $0.02 .
• Revenue of $103.04M (+13.6% Y/Y) beats by $2.81M .
• Subscription revenue was $89.5 million, an increase of 16% year-over-year and 20% on a constant currency basis.
• Customers with ACV equal to or greater than $100,000 were 773, up from 747 as of January 31, 2022.
  • Dollar-based Retention Rate was 108%, compared to 110% as of January 31, 2022.
  • Our ARR was $365.0 million compared to $313.9 million as of January 31, 2022, representing ARR growth of 16%, compared to 20% as of January 31, 2022.
  • Customer usage of Zuora solutions grew, with $23.8 billion in transaction volume through Zuora’s billing platform during our fourth quarter, an increase of 12% year-over-year and 13% on a constant currency basis.
  • 1Q23 Guidance: Subscription revenue of $88M-$89.5M, Total revenue of $101M-$103M vs. $102.75M consensus, Non-GAAP net loss per share $0.00-$0.01 vs. $0.00 consensus.
• FY23 Guidance: Subscription revenue of $374M-$384M, Total revenue of $428M-$440M vs. $432.01M consensus, Non-GAAP net loss per share $0.07-$0.11 vs. $0.08 consensus, ARR growth 12% - 15%, Dollar-based retention rate 107%-109%

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