Stock Monitor: SeaChange Intl. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 12, 2017 / Active-Investors free earnings report on Zendesk, Inc. (NYSE: ZEN) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=ZEN. The Company posted its third quarter fiscal 2017 results on November 01, 2017. The leading software developer posted better than expected revenues and earnings results. Register today and get free access to our complimentary member's area where many more reports are available:
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Earnings Highlights and Summary
During the third quarter of the fiscal year 2017, Zendesk's revenues increased 39.73% to $112.79 million on a y-o-y basis compared to $80.72 million in Q3 FY16. The Company's revenue numbers beat analysts' estimates of $109.00 million.
Zendesk's reported quarter gross profit increased 39.12% to $79.09 million in Q3 FY17 compared to $56.85 million in Q3 FY16. The Company's operating loss declined to $28.44 million on a y-o-y basis in the reported quarter compared to $26.21 million in Q3 FY16.
Zendesk's net loss was $27.70 million in Q3 FY17 compared to $25.83 million in Q3 FY16. The Company's net loss per share was $0.28 in Q3 FY17 compared to $0.27 in Q3 FY16. The Company's adjusted loss was $0.02 per share for reported quarter, beating analysts' estimates of an adjusted loss of $0.06 per share. The Company's adjusted net loss excluded approximately $23.7 million in share-based compensation and related expenses; $1.0 million of amortization of purchased intangibles; and $0.5 million in acquisition-related expenses.
Zendesk's revenue for the United States Geographic segment was $59.46 million in Q3 FY17 compared to $43.59 million in Q3 FY16, reflecting a growth of 36.41% on a y-o-y basis. Long-lived assets under this segment were $25.40 million in the reported quarter compared to $26.37 million in Q3 FY16; a decline of 3.70% on a y-o-y basis.
Zendesk's revenue for Europe, the Middle-East, and Africa (EMEA) Geographic segment was $32.45 million in Q3 FY17 compared to $22.60 million in Q3 FY16, increasing 43.56% on a y-o-y basis. Long-lived assets under this segment declined 18.55% to $10.21 million on a y-o-y basis in Q3 FY17 compared to $12.54 million in Q3 FY16.
During Q3 FY17, Zendesk's revenue for the Other Geographic segment advanced 43.74% to $20.89 million in Q3 FY17 compared to $14.53 million in Q3 FY16. The segment's long-lived assets were $7.49 million in Q3 FY17 compared to $8.36 million in Q3 FY16, declining 10.42% on a y-o-y basis.
Zendesk had cash and cash equivalents of $92.60 million as on September 30, 2017, compared to $77.59 million as on September 30, 2016. The Company's net cash provided from operating activities was $24.74 million in Q3 FY17 compared to $4.00 million in Q3 FY16.
For the fourth quarter of the fiscal year 2017, Zendesk anticipates revenue to be in the range of $118.00 million - $120.00 million. The Company's GAAP operating loss is expected to be in the band of $29.00 million - $31.00 million, while non-GAAP operating loss is expected to be in the range of $3.00 million - $5.00 million in Q4 FY17.
For the fiscal year 2017, Zendesk anticipates revenue to be in the range of $425.00 million - $427.00 million. The GAAP operating loss is expected to be between $116.00 million - $118.00 million, while non-GAAP operating loss is expected to be in the band of $18.00 million - $20.00 million for the full fiscal year 2017.
Stock Performance Snapshot
December 11, 2017 - At Monday's closing bell, Zendesk's stock slightly climbed 0.86%, ending the trading session at $34.00.
Volume traded for the day: 363.29 thousand shares.
Stock performance in the last three-month – up 16.36%; previous six-month period – up 27.63%; past twelve-month period – up 50.11%; and year-to-date – up 60.38%
After yesterday's close, Zendesk's market cap was at $3.37 billion.
The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.6% at the end of the session.
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