Zuora +4% after beat-and-raise

Aug. 28, 2019 4:54 PM ETZuora, Inc. (ZUO)By: Brandy Betz, SA News Editor4 Comments

Zuora (NYSE:ZUO) +4.1% reports Q2 beats with 21% Y/Y revenue growth and a FY outlook boost.
Q2 customers with ACV equal to or greater than $100K totaled 566, up 19% Y/Y. The dollar-based retention rate was 107%.
The in-line Q3 outlook has revenue of $69-71M (estimate: $69.98M) and loss per share of $0.10-0.09 (estimate: $0.10 loss).
The FY20 view sees revenue of $273.5-278M (was: $268-278M; estimate: $274.49M) and loss per share of $0.40-0.38 (was: $0.44-0.40 loss; estimate: $0.43 loss).
Earnings call starts at 5 PM with a webcast here.
Press release.