Domo Announces Fiscal 2019 Second Quarter Financial Results
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DOMO (DOMO) PT Raised to $30 at Cowen
September 7, 2018 6:30 AM EDTCowen analyst J. Derrick Wood raised the price target on DOMO (NASDAQ: DOMO) to $30.00 (from $27.00) while maintaining an Outperform rating.
Wood commented, "Domo's 1st qtr results post-IPO were impressive, with upside across the board and guidance above expectations. Domo's new initiatives to... More
Domo (DOMO) Tops Q2 EPS by 51c, Revenues Beat; Offers FY19 Revenue Outlook Above Consensus
September 6, 2018 4:05 PM EDTDomo (NASDAQ: DOMO) reported Q2 EPS of ($3.44), $0.51 better than the analyst estimate of ($3.95). Revenue for the quarter came in at $34.3 million versus the consensus estimate of $32.02 million.
Total revenue was $34.3 million, an increase of 32% year over yearSubscription revenue represented 82% of total revenueBillings were $35.7 million or 35% year-over-year growth, compared to 22% year-over-year growth for Q1 FY19GAAP subscription gross margin was 71% compared to 64% in Q2 FY18Non-GAAP subscription gross margin was 71% compared to 64% in Q2 FY18GAAP operating margin improved by 41 percentage points year over yearNon-GAAP operating margin improved... More