Sumo Logic Inc. (SUMO) Tops Q1 EPS by 1c

Sumo Logic Inc. (NASDAQ: SUMO) reported Q1 EPS of ($0.11), $0.01 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $54.2 million versus the consensus estimate of $53.9 million.

“Our year is off to a strong start driven by demand from our global enterprise and mid market customers for Sumo Logic’s Continuous Intelligence platform,” said Ramin Sayar, president and CEO of Sumo Logic. "We continued to invest to grow our platform capabilities in security and observability this quarter. Combined with our investments to increase our routes to market, we are well positioned to capture this expansive opportunity created by digital transformation and cloud migration."

GUIDANCE:

Sumo Logic Inc. sees Q2 2022 EPS of ($0.14), versus the consensus of ($0.12). Sumo Logic Inc. sees Q2 2022 revenue of $56.1-57.1 million, versus the consensus of $56.35 million.

Sumo Logic Inc. sees FY2022 EPS of ($0.57)-($0.55), versus the consensus of ($0.48). Sumo Logic Inc. sees FY2022 revenue of $233-236 million, versus the consensus of $233.86 million.

For earnings history and earnings-related data on Sumo Logic Inc. (SUMO) click here.

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