Shares of Zuora, Inc. climbed during after-hours trading Wednesday, after the company reported its second quarter earnings and revenue - both of which topped analysts’ estimates. The company also raised its fiscal full-year revenue estimate.
The enterprise software company’s non-GAAP loss (attributable to common stock shareholders) came in at -$9.5 million, or -9 cents a share. Analysts had expected a loss of -$14.6 million, or -14 cents a share.
Revenue of $69.7 million was higher than the Street estimates of $66.9 million.
The company also boosted its projection for its full-year revenue to a range of $273.5 million to $278 million. Analysts surveyed by FactSet had been expecting $274.5 million.
Zuora is expecting fiscal full-year loss of -40 cents to -38 cents a share.
Shares of Zuora rose +15% in extended trading Wednesday.