Given this weeks discussion re subscription based model for cloud computing services, this item caught my eye. Following its first earnings report since going public, the stock was up 19% yesterday and announced numbers reminiscent of other fan favorites on this board.
From todays MF ticker:
Zuora makes a good first impression
“Finally, shares of Zuora soared 19%. The newly public cloud computing specialist announced strong fiscal first-quarter financial results in its first report since its IPO, including total revenue gains of 60% on a 39% jump in subscription-based revenue. CEO Tien Tzuo made positive comments about Zuora, noting that as the “only public company 100% focused on the expanding subscription economy,” Zuora’s results “reflect the continuing adoption of the subscription business model by companies across all industries around the world.” With such a huge addressable market, it’s no surprise that Zuora’s joining a host of promising cloud tech companies in the space.”
I just added this company to my watch list and welcome any in depth analysis available.