Overview

* Domo ( DOMO ) fiscal Q2 revenue of $79.7 mln beats analyst expectations

* Company reports first positive non-GAAP EPS of $0.02

* Subscription RPO increased 19% yr/yr, indicating strong future revenue potential

Outlook

* Domo ( DOMO ) sees Q3 revenue between $78.5 mln and $79.5 mln

* Domo ( DOMO ) expects Q3 non-GAAP net loss per share of $0.03 to $0.07

* Domo ( DOMO ) forecasts full-year revenue of $316 mln to $320 mln

* Domo ( DOMO ) anticipates full-year non-GAAP net loss per share of $0.11 to $0.19

Result Drivers

* SUBSCRIPTION RPO GROWTH - Subscription Remaining Performance Obligations increased by 19% year over year, reaching $409.8 mln

* RECORD OPERATING MARGIN - Domo ( DOMO ) achieved a record non-GAAP operating margin of 8%, an increase of 5 percentage points yr/yr

* POSITIVE EPS - Domo ( DOMO ) reported its first-ever positive non-GAAP EPS of $0.02, driven by accelerating ACV and strong subscription RPO

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $79.72 $78 mln

Revenue mln (6

Analysts

)

Q2 Net -$22.93

Income mln

Q2 $70.30

Billings mln

Q2 Gross $59.64

Profit mln

Q2 $66.89

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "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 ( DOMO ) is $18.00, about 10.5% above its August 26 closing price of $16.11

Press Release:

(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.)