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DOMO Domo News Story

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Domo beats Q4 revenue estimates on high billings and customer retention

Overview

AI and data platform's fiscal Q4 revenue grew 1%, beating analyst expectations

Adjusted EPS for fiscal Q4 was $0.03, beating analyst expectations

Company posted record quarterly billings, up 8% year over year

Outlook

Company sees strong demand as organizations move AI projects from pilots to production deployments

Result Drivers

CUSTOMER DEMAND - Co said strong demand from customers contributed to record quarterly billings and improved retention

AI ADOPTION - Co said momentum was driven by organizations moving from AI pilots to production deployments, using Domo to automate workflows and accelerate decision-making

Company press release: ID:nBw9gj3qza

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$79.63 mln$78.65 mln (6 Analysts)
Q4 Adjusted EPSBeat$0.03-$0.03 (6 Analysts)
Q4 Net Income-$7.97 mln
Q4 Billings$111.20 mln
Q4 Gross Profit$61.14 mln
Q4 Operating Expenses$71.71 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Domo Inc is $11.50, about 169.3% above its March 9 closing price of $4.27 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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