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zuora NEWS RELEASE Zuora Reports First Quarter Fiscal 2022 Results 5/26/2021 Subscription revenue grew 14 % year - over - year ; total revenue grew 9 % year - over - year REDWOOD CITY , Calif .-- ( BUSINESS WIRE ) -- Zuora , Inc. ( NYSE : ZUO ) , the leading cloud - based subscription management platform provider , today announced financial results for its fiscal first quarter ended April 30 , 2021 . " The first quarter was a solid start to the year , as we executed on the strategy we laid out at last month's Investor Day . We exceeded expectations across our key operating metrics , drove significant improvement on net dollar retention , and believe that we have built a solid foundation for Zuora's long - term growth , " said Tien Tzuo , founder and CEO of Zuora . First Quarter Fiscal 2022 Financial Results : ● Revenue : Total revenue was $ 80.3 million , an increase of 9 % year - over - year . Subscription revenue was $ 65.1 million , an increase of 14 % year - over - year . ● GAAP Loss from Operations : GAAP loss from operations was $ 17.4 million , compared to a loss of $ 17.7 million in the first quarter of fiscal 2021 . • Non - GAAP Loss from Operations : Non - GAAP loss from operations was $ 2.5 million , compared to a non - GAAP loss from operations of $ 7.7 million in the first quarter of fiscal 2021 . ● GAAP Net Loss : GAAP net loss was $ 17.7 million , or 22 % of revenue , compared to a net loss of $ 17.5 million , or 24 % of revenue , in the first quarter of fiscal 2021. GAAP net loss per share was $ 0.15 based on 121.4 million weighted - average shares outstanding , compared to a net loss per share of $ 0.15 based on 115.1 million weighted - average shares outstanding in the first quarter of fiscal 2021 . • Non - GAAP Net Loss : Non - GAAP net loss was $ 2.8 million , compared to a non - GAAP net loss of $ 7.5 million in the first quarter of fiscal 2021. Non - GAAP net loss per share was $ 0.02 based on 121.4 million weighted average shares outstanding , compared to a non - GAAP net loss per share of $ 0.06 based on 115.1 million 1