Zendesk Aims for $1 Billion in Revenue by 2020

Zendesk Aims for $1 Billion in Revenue by 2020

By: Arik Hesseldahl

Shares of the cloud-based customer service software company Zendesk rose by 4 percent in after-hours trading after the company posted a quarterly sales that beat the expectations of analysts and pledged to reach $1 billion in annual revenue by 2020.

Zendesk also said it has appointed Carl Bass, the CEO of software company Autodesk, to its board of directors.

Zendesk shares rose 60 cents to $16.51 after it posted results, a loss of 7 cents a share on revenue of $62.6 million. The loss was in line with expectations, while revenue was better than the consensus forecast of analysts, who expected $60 million. It finished the fiscal year with revenue of $208 million and a net loss of 30 cents per share on a non-GAAP basis.

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