Zendesk Q2 Loss Widens; Issues Q3, FY14 Revenue Outlook

(RTTNews) - Zendesk, Inc. (ZEN) posted second-quarter net loss attributable to common stockholders of $21.7 million or $0.48 per share, wider than $6.4 million or $0.30 per share in the prior-year quarter.

Non-GAAP net loss for the latest second quarter widened to $10.1 million or $0.16 per share from $3.9 million or $0.07 per share in the comparable quarter last year.

Revenues for the latest second quarter rose 80% to $29.51 million from $16.40 million in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share on revenues of $25.93 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, to the third quarter, the company currently expects revenue in the range of $30.0 million to $32.0 million. Analysts currently expect third quarter revenue of $28.20 million.

For full-year 2014, the company expects revenue in the range of $118.0 million to $122.0 million. Analysts now expect revenue of $111.07 million for full-year 2014.

Zendesk also announced the promotion of two senior managers, Anne Raimondi to Senior Vice President, Operations and Matt Price to Senior Vice President, Global Marketing.