Zuora Inc (NYSE: ZUO) stock fell over 15.3% on 31st August, 2018 (as of  11:26 AM GMT-4; Source: Google finance) on disappointing results . The company has posted the GAAP net loss of $19.6 million, compared to a net loss of $14.8 million in the second quarter of fiscal 2018. Net cash used in operating activities was $2.4 million, compared to $8.7 million in the second quarter of fiscal 2018. Free cash flow was negative $7.3 million compared to negative $9.6 million in the second quarter of fiscal 2018. Cash and cash equivalents and restricted cash were $185.8 million as of July 31, 2018. ZUO in the second quarter of FY 19 has reported the adjusted loss per share of 13 cents, beating the analysts’ estimates for the adjusted loss per share of 16 cents. The company had reported the adjusted revenue growth of 47 percent to $57.8 million in the second quarter of FY 19, beating the analysts’ estimates for revenue of $54.12 million. Moreover, the customers with ACV equal to or greater than $100,000 was 474, representing 28% year-over-year growth. This also represents 7% quarter-over-quarter growth in such customers, and a net add of 33 of such customers. The dollar-based retention rate remained at 112% driven by strong upsell activity. Customer usage of Zuora solutions grew, with $7.5 billion in transaction volume through Zuora’s billing platform during the second quarter, an increase of 41% year-over-year. The company announced the Spring ’18 collection of product updates, including the new subscription Order Management – a Zuora Central Platform upgrade – and the general availability of Zuora Collect. Further, the company kicked off the Subscribed conference series in San Francisco in June, with events scheduled in the third quarter in Melbourne, Sydney, Paris, London and New York, bringing together hundreds of companies around the world seeking to thrive amidst what we see as the most disruptive business-model shift in a century. For the third quarter 2019, the company expects the total revenue to be in the range of $58.3 to $59.3 million. Subscription revenue is expected to be in the range of $42.0 to $42.5 million. Non-GAAP loss from operations to be in the range of $13.5 to $12.5 million For the full fiscal 2019, the ZUO expects the total revenue to be in the range of $227.0 to $230.0 million. Subscription revenue to be in the range of $163.0 to $164.5 million and Non-GAAP loss from operations to be in the range of $52.0 to $50.0 million

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