Zuora reported a non-GAAP earnings per share (EPS) of USD 0.12 for Q4 FY2024, compared to a non-GAAP loss per share of USD 0.04 recorded in Q4 FY2023, beating analyst estimates of EPS of USD 0.05 for Q4 FY2024. The company reported a 7% YoY increase in total revenue to USD 110.7 million for Q4 FY2024, from USD 89.5 million recorded in Q4 FY2023 but narrowly missing analyst estimated total revenue of USD 110.8 million for Q4 FY2024.

For full-year FY2024, Zuora reported a non-GAAP EPS of USD 0.33, compared to a non-GAAP loss per share of USD 0.13 recorded in FY2023 and beating the consensus-estimated EPS of USD 0.26 for FY2024. The company reported a 9% YoY increase in total revenue to USD 431.7 million for FY2024 from USD 396.1 million recorded in FY2023.

Zuora reported growth in customers with annual contract value (ACV) equal to or greater than USD 250,000—461 in Q4 FY2023, up from 431 recorded in Q4 FY2023. The company also expanded its partnership with Avalara to support users in meeting complex e-invoicing mandates through Zuora and maintaining regulatory compliance around the world while pursuing international expansion plans. The platform also onboarded new customers, expansions, and go-lives, including Toast, Infor, Sony Network Communications, TELUS Corporation, and The Associated Press.