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Zuora Inc. topped expectations with its latest financial results Thursday while issuing a better-than-expected forecast for the full year ahead.
The company, which makes software for subscription-based businesses, posted a fiscal fourth-quarter net loss of $18.8 million, or 16 cents a share, compared with a loss of $23.8 million, or 21 cents a share, in the year-prior quarter.
After adjusting for stock-based compensation and other expenses, Zuora ZUO, +5.99% lost 2 cents a share compared with a loss of 9 cents a share a year earlier. Analysts surveyed by FactSet were projecting a 5-cent per-share loss on an adjusted basis.
Zuora posted revenue of $79.3 million for the quarter, up 13% from the $70.4 million it recorded a year prior and ahead of the $76.1 million FactSet consensus.
Shares were off 0.4% in after-hours trading Thursday.
The company expects fiscal first-quarter revenue of $78 million to $80 million and an adjusted loss per share of 3 cents to 4 cents. Analysts tracked by FactSet were expecting $79.4 million in revenue and a 4-cent adjusted loss per share.
For the full fiscal year, Zuora projects revenue of $335 million to $337 million and an adjusted loss per share of 6 cents to 10 cents. The FactSet consensus is for $332.9 million in revenue and a 9-cent adjusted loss per share.
