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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $79.63 mln | $78.65 mln (6 Analysts) |
Q4 Adjusted EPS | Beat | $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
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(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.)