Zuora Inc (NYSE: ZUO) stock rose over 21% on June 1st, 2018 (as of 1 Jun, 1:27 PM GMT-4; Source: Google finance) post posting a solid first quarter of 2019 quarter performance For the first quarter of 2019, the group’s Subscription revenue surged 39% on a yoy basis to $36.1 million, boosted by solid demand for their flagship products. Subscription revenue comprised 78% of  the total revenue during the quarter. The Total revenue rose 60% on a year-over-year basis to $51.7 million. Their core billing transaction volume continued to grow during the quarter which reached $7.2 billion. The group expanded their footprint through platform upgrades, cross sells, and up sells of add-on products. The net dollar base retention rate reached 112% during the first quarter rising 2% as compared to Q4 2018. Customers with ACV greater or equal to 100k rose from 415, as at the end of Q4 2018 to 441 during the first quarter driven by their customer segment on the back of the ongoing demand from larger enterprises in addition to smaller current customers rising their ACV. These 441 customers represent over 80% of their total ACV as of April 30, 2018. Subscription revenue rose 39% yoy to $36.1 million while maintained the same robust growth rate as the prior quarter of Q4. The overall revenue rose 60% yoy to $51.7 million. Professional services rose 149% yoy to $15.6 million during the quarter against pcp boosted by contributions from the RevPro product which was not in their earlier year comparison. Professional services revenues were driven by the new business of one or both of their flagship products. Professional services revenue comprised $1.4 million from the current ASC 605 customers upgrading to the ASC 606. The group is not expecting similar contributions in future quarters as the financial impact from the current customers upgrading their ASC 605 implementation to ASC 606 continues to fall off. Non-GAAP subscription gross margin reached 76% while non-GAAP total gross margin reached 54%. The non-GAAP subscription gross margin includes the impact from a better investment in infrastructure to support their growth.

SOURCE : https://tradertalks-net.translate.goog/s/6?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp