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HUCK — Domo News Story

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Cloud-based data provider Domo Q2 revenue beats expectations

Overview

Domo fiscal Q2 revenue of $79.7 mln beats analyst expectations

Company reports first positive non-GAAP EPS of $0.02

Subscription RPO increased 19% yr/yr, indicating strong future revenue potential

Outlook

Domo sees Q3 revenue between $78.5 mln and $79.5 mln

Domo expects Q3 non-GAAP net loss per share of $0.03 to $0.07

Domo forecasts full-year revenue of $316 mln to $320 mln

Domo anticipates full-year non-GAAP net loss per share of $0.11 to $0.19

Result Drivers

SUBSCRIPTION RPO GROWTH - Subscription Remaining Performance Obligations increased by 19% year over year, reaching $409.8 mln

RECORD OPERATING MARGIN - Domo achieved a record non-GAAP operating margin of 8%, an increase of 5 percentage points yr/yr

POSITIVE EPS - Domo reported its first-ever positive non-GAAP EPS of $0.02, driven by accelerating ACV and strong subscription RPO

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$79.72 mln$78 mln (6 Analysts)
Q2 Net Income-$22.93 mln
Q2 Billings$70.30 mln
Q2 Gross Profit$59.64 mln
Q2 Operating Expenses$66.89 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "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 $18.00, about 10.5% above its August 26 closing price of $16.11 Press Release: ID:nBwb8JgbLa (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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