{"id":27609,"date":"2014-08-07T09:39:17","date_gmt":"2014-08-07T13:39:17","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27609"},"modified":"2014-08-07T09:39:17","modified_gmt":"2014-08-07T13:39:17","slug":"zendesk-inc-nysezen-strengthening-the-core-business","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/zendesk-inc-nysezen-strengthening-the-core-business-27609","title":{"rendered":"Zendesk Inc (NYSE:ZEN) Strengthening The Core Business"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/07\/2014 (wallstreetpr) \u2013<b> Zendesk Inc (NYSE:ZEN)<\/b> reported its second quarter <a href=\"http:\/\/www.twst.com\/update\/73790-zendesk-inc-zendesk-announces-2014-second-quarter-results\">results<\/a> wherein the revenues shot up by 80% year-over-year to $29.5 million. There was good growth witnessed in customers\u2019 accounts. It came higher by 40% year-over-year to 45,740. The GAAP operating loss came at $21.4 million, and non-GAAP operating loss came at $9.8 million.<\/p>\n<p style=\"text-align: justify;\"><b>Continuation Of The Trend<\/b><\/p>\n<p style=\"text-align: justify;\">Zendesk Inc (NYSE:ZEN) had continued the trend started in the first quarter when it posted a strong set of numbers as a public company. The expansion of customer accounts and a rise in revenues is a clear indication of improvement in operating metrics. The company added more enterprise customers in the quarter. The core business got strength from the small and medium-sized enterprises.<\/p>\n<p style=\"text-align: justify;\"><b>The Impressive Figures<\/b><\/p>\n<p style=\"text-align: justify;\">The revenues for the second quarter came at $29.5 million. It was a sharp rise of 80% year-over-year. It was the rise of 18% from the previous quarter. The GAAP net loss came at $21.7 million. The GAAP net loss came at $0.48 per share. Non-GAAP net loss stands at $10.1 million. The $0.16 non-GAAP net loss per share is exclusive of $11.1 million expenses incurred on share-based compensation. It also excludes amortization expenses of $0.5 million.<\/p>\n<p style=\"text-align: justify;\">The cash and cash equivalents came at $120.1 million. It was inclusive of the net proceeds that came from initial public offering. The amount of $20.0 million was paid as the repayment for line of credit in the second-quarter.<\/p>\n<p style=\"text-align: justify;\"><b>The Future Outlook<\/b><\/p>\n<p style=\"text-align: justify;\">The second-quarter financial results of Zendesk Inc (NYSE:ZEN) were ahead of the expectations. The company will reinvest in the growing business. The reinvestment will be done as per the requirement and will be balanced to provide a stable pace to the business model. Going ahead, Zendesk expects the revenue for third-quarter to come around $30.0 to $32.0 million. The GAAP operating loss is expected to narrow down to $19.5 to $20.5 million. The full year revenue of Zendesk Inc (NYSE:ZEN) is expected to come around $118 to $122 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/07\/2014 (wallstreetpr) \u2013 Zendesk Inc (NYSE:ZEN) reported its second quarter results wherein the revenues shot up by 80% year-over-year to $29.5 million. There [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":27610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[7731,7730,7729],"stock_ticker":[],"class_list":["post-27609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nysezen","tag-zendesk-inc","tag-zendesk-inc-nysezen","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zendesk Inc (NYSE:ZEN) Strengthening The Core Business - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/zendesk-inc-nysezen-strengthening-the-core-business-27609\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zendesk Inc (NYSE:ZEN) Strengthening The Core Business - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 08\/07\/2014 (wallstreetpr) \u2013 Zendesk Inc (NYSE:ZEN) reported its second quarter results wherein the revenues shot up by 80% year-over-year to $29.5 million. 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