Zendesk Picks Up 3% After Hours Reporting Better-Than-Expected Q2 Adjusted Loss, Q3 Guidance

Zendesk reported its second quarter financial results today, beating market expectations. The company also guided its third-quarter revenue above street goals. Shares of the firm are up more than 3 percent after hours on the combined news.

The company lost an adjusted $0.08 per share on revenue of $48.2 million in the second quarter. The street had expected a steeper adjusted loss of $0.11 per share, on slimmer revenue of $46.3 million.

Zendesk guided for third-quarter revenue of between $51 million and $53 million, ahead of expectations that it would generate a top line of $50.68 million. The company also bolstered its full-year guidance.

The company wrapped its three-month period with cash and equivalents of $255.7 million, not including marketable securities of $30.67 million. The company’s CEO, Mikkel Svane, said in Zendesk’s release that it had “delivered impressive growth” in the quarter.

Oh, and just for fun, Zendesk actually generated $424,000 in cash from its operational activities. That’s not such a bad sign.