Core Viewpoint - The Schall Law Firm is inviting investors who have incurred losses to participate in an inquiry regarding Zuora, Inc. for potential violations of securities laws [1] Group 1 - The inquiry is focused on Zuora, Inc. and its compliance with securities regulations [1] - Investors affected by losses are encouraged to join the investigation [1] - The inquiry may lead to legal actions if violations are confirmed [1]

Group 1 - The article discusses an investigation initiated by Levi & Korsinsky, LLP into Zuora Inc, focusing on potential shareholder concerns [1] - The investigation aims to determine whether Zuora Inc has engaged in any unlawful or improper conduct that could affect shareholder value [1] - Shareholders are being alerted to the investigation, indicating potential implications for the company's governance and financial performance [1]

Core Viewpoint - Zuora, Inc. is currently under investigation for securities fraud, prompting the Schall Law Firm to encourage affected shareholders to come forward [1] Group 1 - The investigation into Zuora, Inc. relates to potential securities fraud allegations [1] - The Schall Law Firm is actively seeking to connect with shareholders who may have been impacted by the alleged fraud [1]

Revenue Performance - Subscription revenue for the fiscal third quarter was $105.3 million, an increase of $7.2 million, or 7% year-over-year[149] - Total revenue for the same period was $116.9 million, reflecting an increase of $7.1 million, or 6% year-over-year[149] - Annual Recurring Revenue (ARR) was $419.9 million, an increase of 6% from $396.0 million in the previous year[158] - Total revenue for the three months ended October 31, 2024, was $116,929 million, a 6% increase from $109,849 million in 2023[176] - Subscription revenue accounted for 90% of total revenue in Q3 2024, up from 89% in Q3 2023[178] - Subscription revenue increased by $7,205 thousand, or 7%, for the three months ended October 31, 2024, attributed to higher transaction volume and sales to new customers[203] - Subscription revenue increased by $25.0 million, or 9%, for the nine months ended October 31, 2024, driven by higher transaction volume and sales to new customers[222] - Total revenue for the nine months ended October 31, 2024, was $342.1 million, an increase of $21.1 million, or 7%, compared to the same period in 2023[221] Profitability and Loss - Gross profit was $78.6 million, representing 67% of total revenue, compared to 68% in the previous year[150] - The net loss for the three months ended October 31, 2024, was $32,206 million, compared to a net loss of $5,502 million in 2023[176] - GAAP net loss for the three months ended October 31, 2024, was $(32,206) thousand, compared to $(5,502) thousand in 2023[196] - Non-GAAP net income for the same period was $24,786 thousand, up from $12,312 thousand in 2023[196] - The company reported a loss from operations of $(11,718) million for the three months ended October 31, 2024, compared to $(8,821) million in 2023[176] - GAAP operating margin for the three months ended October 31, 2024, was (10)%, compared to (8)% in 2023, while non-GAAP operating margin improved to 21% from 15%[194] Expenses - Total operating expenses for the three months ended October 31, 2024, were $90,310 million, an increase from $83,642 million in 2023[176] - Research and development expenses for the three months ended October 31, 2024, were $26,833 million, slightly down from $27,504 million in 2023[176] - Sales and marketing expense decreased by $3.6 million, or 9%, for the three months ended October 31, 2024, primarily due to decreases in employee compensation costs and allocated overhead from a workforce reduction[211] - General and administrative expense increased by $11.0 million, or 69%, for the three months ended October 31, 2024, primarily due to $9.3 million in charges associated with the Proposed Merger[214] - Cost of subscription revenue increased by $3,576 thousand, or 18%, primarily due to higher data center costs and amortization of purchased technology[205] - The gross margin for subscription services decreased to 77% for the three months ended October 31, 2024, down from 79% in 2023, mainly due to increased data center expenses[208] Cash Flow and Investments - Net cash provided by operating activities was $66.7 million for the nine months ended October 31, 2024, an increase of $102.4 million compared to the same period last year[250] - Net cash used in investing activities was $51.9 million, which included $24.8 million for the acquisition of Togai and Sub(x)[251] - Net cash provided by financing activities was $6.3 million, a decrease of $145.3 million compared to the same period in 2023[255] - As of October 31, 2024, the company had cash and cash equivalents and short-term investments totaling $558.5 million[240] Tax and Obligations - The company recorded a tax benefit of $(2.2) million for the nine months ended October 31, 2024, compared to a tax provision of $1.4 million in the prior year[235] - Contractual obligations totaled $566.6 million as of October 31, 2024, with $46.8 million due within the next twelve months[256] - The effective tax rate for the nine months ended October 31, 2024, was 3.9%, compared to (3.0)% for the same period in 2023[237] Future Outlook and Strategic Initiatives - A proposed merger agreement was entered into on October 17, 2024, with a cash conversion of $10.00 per share expected to close in the first calendar quarter of 2025[152] - The company continues to focus on investments in its platform to support growth and adapt to the Subscription Economy[145] - The company is evaluating the impact of recent accounting standards updates on its financial statements, including ASU No. 2023-07 and ASU No. 2023-09[261][263] - The company does not currently engage in derivative or hedging transactions but may reassess this approach as international operations grow[266] Customer Metrics - The number of customers with Annual Contract Value (ACV) equal to or greater than $250,000 decreased to 451, down from 453 in the previous year[154] - The dollar-based retention rate was 103%, down from 108% year-over-year, primarily due to customer churn[157]

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Zuora Inc. (NYSE: ZUO), relating to its proposed merger with Silver Lake Group, L.C.C. Under the terms of the agreement, all ZUO shares will be automatically converted into the right to ...

NEW YORK, Oct. 18, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Zuora Inc. (NYSE: ZUO), relating to its proposed merger with Silver Lake Group, L.C.C. Under the terms of the agreement, all ZUO shares will be automatically converted into the right to recei ...

Zuora (ZUO) shares soared 5.7% in the last trading session to close at $9.96. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.8% gain over the past four weeks. Zuora is benefiting from an expanding enterprise clientele and strong demand for its Zephr solution. This enterprise software company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +33.3%. Rev ...

Core Insights - Zuora, an enterprise software company, announced its acquisition by Silver Lake, a tech-focused private equity firm, for $10 per share in cash, representing a 6% premium over the previous day's closing price, valuing the company at $1.7 billion [1][2] Group 1 - Zuora's shares rose nearly 6% following the acquisition announcement, aligning closely with the offer price [1] - The acquisition deal is expected to close in the first quarter of 2025 [1] - Zuora's review of strategic options led to the bid from Silver Lake and GIC, a Singaporean sovereign wealth fund, being the only final and fully financed proposal received [1] Group 2 - Silver Lake has been active in the market, having previously announced plans to acquire sports media company Endeavor and completed the purchase of Qualtrics in summer 2023 [2]

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Nationally recognized shareholder rights firm Julie & Holleman LLP is investigating the proposed $1.7 billion buyout of Zuora, Inc. (NYSE: ZUO) by private equity firm Silver Lake, in partnership with Singaporean investment firm GIC Pte. Ltd. For a free, no-risk consultation, please visit https://julieholleman.com/zuora-inc/, or contact firm partner Scott Holleman by email at [email protected] or by telephone at (929) 415-1020. Zuora provides a leading monetization sui ...

Zuora (ZUO) shares have appreciated 11% in the trailing 12 months, underperforming the broader Zacks Computer & Technology sector's return of 38.5% and the Zacks Internet Software industry's appreciation of 40.7%. ZUO shares have been facing macroeconomic challenges that have resulted in longer sales cycles and fewer transformational deals. Annual Recurring Revenue (ARR) growth and Dollar-based Retention Rate (DBRR) have been negatively impacted by higher customer churn. However, it has been benefiting from ...