Why Zuora Stock Soared Today

Why Zuora Stock Soared Today

Shares of Zuora (NYSE: ZUO) had soared today, up as much as 20% this morning before giving back much of those gains, after the company reported fiscal first-quarter earnings. Revenue in the first quarter increased 15% to $73.9 million, which topped the consensus estimate of $70.7 million in sales. "Moments like these truly highlight the resilience of having a subscription revenue business, both for us and for our customers."