Billing Startup Zuora Signs Over $1 Billion In Subscription Revenue In Q1

Wednesday, May 12th, 2010

Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

We’ve written about Zuora, a SaaS startup that offers online services to manage and automate customer subscriptions and payments, and its impressive backing. Today the company has reached a new milestone; Zuora has signed over $1 billion in contracted subscription revenue in the first quarter of its new fiscal year, which ended April 30.

Zuora’s cloud-based billings platform aims to alleviate the need for online businesses to develop their own billing systems, especially to handle recurring payments like those associated with subscriptions. The company says that its growth in revenue, bookings and cashflow is thanks to the shift to the “Subscription Economy” in both the consumer and enterprise world.

Zuora also saw a 102% growth in revenue, a 127% growth in organic cash flow and was cash flow positive for the quarters. Clients using Zuora’s service include Rearden Commerce, Pandora Media, ReputationDefender and HDCloud.

Last year, Zuora extended its platform to Facebook apps, app developers charge recurring monthly subscriptions for their apps or premium features.

While Zuora isn’t revealing exact revenue numbers, this seems like strong growth for a company that was launched a few years ago. And as cloud-based SaaS pick up amongst enterprise users, it’s unsurprising that Zuroa’s clientele is expanding.

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    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

  • http://www.qibug.com/2011/02/steve-jobs-doesn%e2%80%99t-want-to-kill-publishers-but-apple%e2%80%99s-subscription-strategy-will/ Steve Jobs Doesn’t Want to Kill Publishers, But Apple’s Subscription Strategy Will | Tech stuff center

    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

  • http://www.txtjive.com/blog/?p=275 Steve Jobs Doesn’t Want to Kill Publishers, But Apple’s Subscription Strategy Will | TxtJive.Com

    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

  • http://www.txtjive.com/blog/?p=275 Steve Jobs Doesn’t Want to Kill Publishers, But Apple’s Subscription Strategy Will | TxtJive.Com

    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

  • http://jp.techcrunch.com/archives/20110219apple-kill-publishers/ ジョブズがそう思わなくても、Appleの定期購読戦略が出版社を潰す

    [...] 先週Appleは、出版業界が熱望していた定期購読サービスを発表したが、その見返りは30%もの手数料だった。印刷版と連携するか否かによらず、有料定期購読があらゆるオンラインメディアの将来を担うことは明らかだ。The Dailyがまさしくそれであり、AOLでさえいずれ同じ道をたどる可能性がある(Tim ArmstrongがCNNでそのことを認める発言をした)。これは今、メディアに限らずソフトウェア、クラウドコンピューティング、通信、消費者向けサービス、エンターテイメント等広く起こり始めている、定期購読経済への移行の一環である。ちなみに私の会社であるZuoraは、昨年だけで$1B(10億ドル)以上の定期購読収益を上げた。 [...]

  • http://jp.techcrunch.com/archives/20110219apple-kill-publishers/ ジョブズがそう思わなくても、Appleの定期購読戦略が出版社を潰す

    [...] 先週Appleは、出版業界が熱望していた定期購読サービスを発表したが、その見返りは30%もの手数料だった。印刷版と連携するか否かによらず、有料定期購読があらゆるオンラインメディアの将来を担うことは明らかだ。The Dailyがまさしくそれであり、AOLでさえいずれ同じ道をたどる可能性がある(Tim ArmstrongがCNNでそのことを認める発言をした)。これは今、メディアに限らずソフトウェア、クラウドコンピューティング、通信、消費者向けサービス、エンターテイメント等広く起こり始めている、定期購読経済への移行の一環である。ちなみに私の会社であるZuoraは、昨年だけで$1B(10億ドル)以上の定期購読収益を上げた。 [...]

  • http://www.creelcommunications.com/?p=1534 Steve Jobs Doesn’t Want to Kill Publishers, But Apple’s Subscription Strategy Will? | Creel Communications

    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

  • http://www.creelcommunications.com/?p=1534 Steve Jobs Doesn’t Want to Kill Publishers, But Apple’s Subscription Strategy Will? | Creel Communications

    [...] This week, Apple announced what the publishing industry has been clamoring for, subscriptions, in exchange for a whopping 30% cut. Clearly, paid subscriptions are a part of the future of all online media, whether tied to a print version or not. That’s what The Daily is all about and even AOL might one day go down that path (Tim Armstrong admitted as much on CNN). It’s part of the shift to the Subscription Economy that’s happening across not just media, but software, cloud computing, communications, consumer services, entertainment, you name it. In just the past year, as one example, my company, Zuora, has signed over $1 billion in contracted subscription revenue. [...]

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