Domo Announces First Quarter Fiscal 2022 Financial Results
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DOMO (DOMO) PT Raised to $89 at Cowen
May 28, 2021 10:00 AM EDTCowen analyst Derrick Wood raised the price target on DOMO (NASDAQ: DOMO) to $89.00 (from $85.00) while maintaining an Outperform rating following first-quarter results.
The analyst commented, "DOMO delivered a strong 1Q w/ billings growth of 25% above Street of 17%. The co. had its... More
DOMO (DOMO) PT Raised to $93 at Needham & Company
May 28, 2021 6:23 AM EDTNeedham & Company analyst Jack Andrews raised the price target on DOMO (NASDAQ: DOMO) to $93.00 (from $91.00) while maintaining a Buy rating.
The analyst commented, "DOMO reported good 1QFY22 results as multiple metrics were ahead of consensus. Revenue and billings in particular... More
Domo, Inc. (DOMO) Tops Q1 EPS by 17c, Revenues Beat; Offers 2Q & FY22 EPS Guidance Above Consensus, Affirms 2Q Revs. Outlook Above Consensus
May 27, 2021 4:12 PM EDTDomo, Inc. (NASDAQ: DOMO) reported Q1 EPS of ($0.26), $0.17 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $60.1 million versus the consensus estimate of $57.49 million.
Fiscal First Quarter Results
Total revenue was $60.1 million, an increase of 24% year over yearSubscription revenue was $52.1 million, an increase of 23% year over yearSubscription revenue represented 87% of total revenueBillings were $58.2 million or 25% year-over-year growthRemaining performance obligations (RPO) was $284.3 million as of April 30, 2021, an increase of 24% year over yearRPO expected to be recognized as revenue in the next twelve... More