Zuora Reports Subscription Revenue Growth of 39 Percent in Q1

In its first financial report since completing its initial public offering on April 12, Zuora, Inc. (NYSE: ZUO), a cloud-based subscription billing and management

In its first financial report since completing its initial public offering on April 12, Zuora, Inc. (NYSE: ZUO), a cloud-based subscription billing and management platform provider, reported impressive growth for the period ended April 30, 2018. Total revenue for the first fiscal quarter 2019 was $51.7 million, a 60 percent increase year-over-year. Subscription revenue was $36.1 million, a 39 percent increase year-over-year. Subscription revenue represents 69.8 percent of total revenue. The balance of revenue comes from professional services, totaling $15.6 million....

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Filed in Auto-renew Subscription, Business Services, Business Strategy, FInance, News, Payment Processing, Revenue and Sales, SaaS and Cloud Services, Technology

Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!