2/11/2024 0 Comments Zendesk stock forecastZendesk started the customer experience revolution in 2007 by enabling any business around the world to take their customer service online. In addition, the Company is suspending its financial guidance for the year ending Decemin light of the pending transaction. Transaction with Private Equity Consortiumĭue to Zendesk’s pending acquisition by an investor group led by leading investment firms Hellman & Friedman Advisors LLC and Permira Advisers LLC that was announced on June 24, 2022, the Company will not be holding a conference call or live webcast to discuss Zendesk’s financial results for the third quarter ended September 30, 2022, or providing a Shareholder Letter for such period. GAAP net loss per share for the quarter ended Septemwas based on 123.6 million weighted average shares outstanding (basic and diluted), and non-GAAP net income per share for the quarter ended Septemwas based on 123.6 million weighted average shares outstanding (basic) and 138.3 million weighted average shares outstanding (diluted). Non-GAAP net income excludes approximately $81.7 million in share-based compensation and related expenses (including $1.3 million of employer tax related to employee stock transactions and $0.4 million of amortization of share-based compensation capitalized in internal-use software), $10.2 million of restructuring expenses, $6.6 million of merger-related costs and other expenses, $2.8 million of real estate impairments, $1.8 million of amortization of purchased intangibles, $1.2 million of acquisition-related expenses, and $1.2 million of amortization of debt issuance costs, and includes non-GAAP income tax effects and adjustments of $7.0 million. Non-GAAP net income was $39.4 million, and non-GAAP net income per share was $0.32 (basic) and $0.28 (diluted). ![]() GAAP net loss for the quarter ended Septemwas $59.1 million, and GAAP net loss per share (basic and diluted) was $0.48. Revenue was $416.9 million for the quarter ended September 30, 2022, an increase of 20% over the prior year period. (NYSE: ZEN) today reported financial results for the third quarter ended September 30, 2022. ![]() GAAP operating loss includes restructuring expenses of $10.2 million and merger-related costs and other expenses of $6.6 million Third quarter GAAP operating loss of $55.4 million and non-GAAP operating income of $48.9 million Third quarter revenue increased 20% year-over-year to $416.9 million
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