Zuora Inc (NYSE: ZUO) stock fell over 1.3% on December 6th, 2019 but recovered over 1.1% on December 9th, 2019 (as of 11:33:24; Source: Google finance). The company posted decent results for the third quarter of FY 20. The company has reported the Non-GAAP net loss of $6.5 million, compared to a non-GAAP net loss of $9.5 million in the third quarter of fiscal 2019. The customers with ACV equal to or more than $100,000 was 586, which is a growth of 16% year-over-year. The company has generated Net cash provided by operating activities of $3.5 million, compared to net cash used in operating activities of $6.4 million in the third quarter of fiscal 2019. Free cash flow was negative $5.1 million compared to negative $10.3 million in the third quarter of fiscal 2019. Cash and cash equivalents and short-term investments stood at $170.4 million as of October 31, 2019. ZUO in the third quarter of FY 20 has reported the adjusted loss per share of 6 cents, beating the analysts’ estimates for the adjusted loss per share of 9 cents, according to Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 17 percent to $71.82 million in the third quarter of FY 20, beating the analysts’ estimates for revenue by 2.60%. For the fourth quarter 2020, the company expects the total revenue to be in the range of $71-72.5M with a loss per share is expected to be in the range of $0.11-0.09. Subscription revenue is expected to be in the range of $54.0M – $55.0M for the fourth quarter. Non-GAAP loss from operations is expected to be in the range of $(11.0M) – $(10.0M) for the fourth quarter. For the fourth quarter 2020, the company expects the Non-GAAP net loss per share to be in the range of $(0.11) – $(0.09). For FY20, the company expects the total revenue to be in the range of $206-207M with a loss per share is expected to be in the range of $0.37-0.35. Subscription revenue is expected to be in the range of $206.0M – $207.0M for the FY 20. Non-GAAP loss from operations is expected to be in the range of $(40.8M) – $(39.8M) for the fourth quarter The current consensus EPS estimate is -$0.10 on $71.90 million in revenues for the coming quarter and -$0.39 on $275.90 million in revenues for the current fiscal year.

SOURCE : https://tradertalks-net.translate.goog/s/5?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp