Zuora (NYSE:ZUO) Q2 Earnings: Leading The Finance and HR Software Pack

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and hr software stocks fared in Q2, starting with Zuora (NYSE:ZUO).

Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.

The 15 finance and HR software stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was in line.

Luckily, finance and HR software stocks have performed well with share prices up 11.2% on average since the latest earnings results.

Best Q2: Zuora (NYSE:ZUO)

Founded in 2007, Zuora (NYSE:ZUO) offers software as a service platform that allows companies to bill and accept payments for recurring subscription products.

Zuora reported revenues of $115.4 million, up 6.8% year on year. This print exceeded analysts’ expectations by 2.5%. Overall, it was a very strong quarter for the company, with an impressive beat of analysts’ billings estimates and EPS guidance for thenext quarter exceeding analysts’ expectations.

“I’m proud of our ZEOs for delivering a solid second quarter,” said Tien Tzuo, Founder and CEO at Zuora.Zuora Total Revenue

The stock is up 17.4% since reporting and currently trades at $9.99.

Is now the time to buy Zuora? Access our full analysis of the earnings results here, it’s free.

Bill.com (NYSE:BILL)

Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses.

Bill.com reported revenues of $358.5 million, up 17.5% year on year, outperforming analysts’ expectations by 2.8%. The business had a very strong quarter with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.Bill.com Total Revenue

The market seems happy with the results as the stock is up 46% since reporting. It currently trades at $96.13.

Is now the time to buy Bill.com? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: Asure (NASDAQ:ASUR)

Created from the merger of two small workforce management companies in 2007, Asure (NASDAQ:ASUR) provides cloud based payroll and HR software for small and medium-sized businesses (SMBs).

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Asure reported revenues of $29.3 million, flat year on year, falling short of analysts’ expectations by 6%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates.

Asure delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. Interestingly, the stock is up 24% since the results and currently trades at $12.31.

Read our full analysis of Asure’s results here.

Paycor (NASDAQ:PYCR)

Founded in 1990 in Cincinnati, Ohio, Paycor (NASDAQ: PYCR) provides software for small businesses to manage their payroll and HR needs in one place.

Paycor reported revenues of $167.5 million, up 16.6% year on year. This print beat analysts’ expectations by 3.3%. Overall, it was a strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ billings estimates.

The stock is up 32.7% since reporting and currently trades at $22.12.

Read our full, actionable report on Paycor here, it’s free.

Global Business Travel (NYSE:GBTG)

Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide.

Global Business Travel reported revenues of $597 million, up 4.6% year on year. This number missed analysts’ expectations by 2.6%. Overall, it was a slower quarter as it also logged full-year revenue guidance slightly missing analysts’ expectations.

The stock is up 17.5% since reporting and currently trades at $9.

Read our full, actionable report on Global Business Travel here, it’s free.

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