Athletic footwear-maker Nike (NYSE:NKE) and software-as-a-service company Zuora (NYSE:ZUO) reported their latest quarterly results after the bell on Thursday. Nike's digital momentum continued, and Zuora's cloud-based subscription management platform gained traction as customers with annual contracts that had values greater than $100,000 increased to 526, up 27% year over year.

Here's a closer look at both company's earnings releases.

Nike Air Jordan XXXIII shoe

Nike Air Jordan XXXIII shoe. Image source: Nike.

Nike

Apparel and sneaker retailer Nike saw revenue for its third quarter of fiscal 2019 rise 7% year over year, or 11% on a constant-currency basis. This put revenue at $9.61 billion, in line with analysts' consensus estimate for the metric. Earnings per share for the quarter of $0.68 was $0.03 higher than analysts' average estimate.

"In Q3, our team once again drove strong, healthy growth across NIKE's complete portfolio," said Nike CEO Mark Parker in the company's third-quarter earnings release. "Our business momentum is being accelerated by our ability to scale innovation at a faster pace and expand new digital consumer experiences around the world."

Though the company's constant-currency year-over-year revenue growth rate of 11% was a significant acceleration compared to 3% growth in the year-ago period, it was a deceleration from Nike's 14% constant-currency growth in the second quarter of fiscal 2019. The footwear giant's growth was helped by strong performance in Nike Direct, or the company's Nike-owned retail stores and digital commerce.

Digital-sales growth, in particular, was strong. Management also noted that Nike Direct showed strength in all of the company's geographies.

Footwear was the company's fastest-growing product segment, with revenue rising 9% year over year. Apparel also saw meaningful revenue growth, rising 6% over the same time frame.

Check out the latest earnings call transcripts for Nike and other companies we cover.

Zuora

Leading subscription-management platform provider Zuora saw its fourth-quarter revenue for its fiscal year of 2019 jump 29% year over year, to $64.1 million, coming in ahead of analysts' average estimates for revenue of $62.9 million. The company's non-GAAP loss per share of $0.11 was in line with analysts' average forecast for the metric.

Notably, Zuora's fiscal fourth-quarter year-over-year revenue growth rate of 29% was a deceleration from the company's 33% revenue growth in its third quarter of fiscal 2019. Subscription revenue jumped 35% year over year -- a deceleration from 43% growth for the metric in fiscal Q3.

"We had a strong fourth quarter and a fantastic finish to our first year as a public company," said Zuora CEO Tien Tzuo. "With more than $10 billion processed through our system, it is clear that more and more companies across multiple industries joined the global Subscription Economy, and Zuora is increasingly strategic to their long-term success."

Looking ahead, Zuora expects fiscal first-quarter revenue between $63.5 million and $64.5 million. Under the revenue-recognition standard the company was using in the year-ago period, management would have guided for revenue between $65 million and $66 million, representing 27% year-over-year growth.