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Why Shares of Zuora Are Surging Today

TheMotleyFool

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Why Shares of Zuora Are Surging TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Zuora (NYSE: ZUO) rose on Thursday after the subscription software company reported its second-quarter results. Zuora beat analyst estimates on all fronts, and raised its guidance for the full year. The stock was up about 9.2% at 11:10 a.m. EDT.

Zuora reported second-quarter revenue of $69.7 million, up 21% year over year and nearly $3 million higher than the average analyst estimate. Revenue from subscriptions went up 24% to $50.6 million, while revenue from professional services jumped 12.5% to $19.1 million.

Image source: Getty Images.

Source Fool.com

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