Domo Announces First Quarter Fiscal 2021 Financial Results
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DOMO (DOMO) PT Raised to $36 at Cowen Following 1Q Report
June 5, 2020 7:27 AM EDTCowen analyst Derrick Wood raised the price target on DOMO (NASDAQ: DOMO) to $36.00 (from $30.00) while maintaining a Outperform rating following the company's 1Q earnings report. DOMO reported 1Q billings of $46.5m, well above estimates of $39.6m and the highest beat (23% above) in its... More
Domo, Inc. (DOMO) Tops Q1 EPS by 26c, Revenues Beat; Offers 2Q & FY21 EPS/Revenue Guidance Above Consensus
June 4, 2020 4:03 PM EDTDomo, Inc. (NASDAQ: DOMO) reported Q1 EPS of ($0.65), $0.26 better than the analyst estimate of ($0.91). Revenue for the quarter came in at $48.6 million versus the consensus estimate of $45.65 million.
Fiscal First Quarter Results
Total revenue was $48.6 million, an increase of 19% year over yearSubscription revenue was $42.4 million, an increase of 23% year over yearSubscription revenue represented 87% of total revenueBillings were $46.5 million or 13% year-over-year growthNet cash used in operating activities was $12.9 million, an... More