SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Thursday reported a loss of $64.7 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 56 cents. Earnings, adjusted for stock option expense and to extinguish debt, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The customer-service software maker posted revenue of $246.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $239.8 million.
For the current quarter ending in October, Zendesk said it expects revenue in the range of $250 million to $255 million.
Zendesk shares have risen 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $100.52, a rise of nearly 8% in the last 12 months.