Domo Inc rises on higher Q1 revenue

Domo

27/05/2022 17:32

** Shares of data analytics firm  DOMO.O  rise as much as
13% to 10-day high of $34.03 after co posts higher Q1 revenue 
    ** Stock, last up ~8%, on course for third straight session
of losses
    ** DOMO's Q1 total revenue jumps 24% to $74.5 million, with
subscription revenue making up 87% of total revenue
    ** Sees adjusted loss per share of 31 cents to 35 cents 
    ** Company forecasts full-year 2023 revenue between $315 mln
and $319 mln  urn:newsml:reuters.com:*:nBwbrT6BVa
    ** Expects 2023 loss per share between $1.26 and $1.34 
    ** Stock down ~34% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))