=Zuora (ZUO) reported earnings on Thur 30 May 19 (a/h)

Zuora beats by $0.02, reports revs in-line; guides Q2 EPS, revs below consensus; reaffirms FY20 EPS guidance, lowers FY20 revs outlook 

• Reports Q1 (Apr) loss of $0.11 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of ($0.13); revenues rose 22.2% year/year to $64.11 mln vs the $64.13 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of ($0.15-0.13), excluding non-recurring items, vs. ($0.11) S&P Capital IQ Consensus; sees Q2 revs of $66-68 mln vs. $71.24 mln S&P Capital IQ Consensus.
• Co updates guidance for FY20, continues to see EPS of ($0.44-0.40), excluding non-recurring items, vs. ($0.42) S&P Capital IQ Consensus; sees FY20 revs of $268-278 mln (Prior $289-293.5 mln) vs. $291.22 mln S&P Capital IQ Consensus.
• "We continue to be excited by the healthy demand for subscription business models, but we are making changes to our sales approach to scale the business to the next level, which tempers our expectations for the remainder of the year. Our confidence in the long term growth trajectory for the company remains unchanged."