Domo Q1 2022 Earnings Report
Key Takeaways
Domo reported a 24% year-over-year increase in total revenue, reaching $60.1 million for the first quarter of fiscal year 2022. The company's subscription revenue also grew by 23% year-over-year, representing 87% of total revenue. Domo's GAAP operating margin and non-GAAP operating margin improved significantly, and the company highlighted several recent achievements, including recognition in various industry reports and awards.
Total revenue increased by 24% year-over-year to $60.1 million.
Subscription revenue grew by 23% year-over-year to $52.1 million, representing 87% of total revenue.
Billings increased by 25% year-over-year to $58.2 million.
Remaining performance obligations (RPO) increased by 24% year-over-year to $284.3 million.
Domo
Domo
Domo Revenue by Segment
Forward Guidance
Domo provided revenue and non-GAAP net loss per share guidance for Q2 Fiscal 2022 and full year Fiscal 2022.
Positive Outlook
- Revenue is expected to be in the range of $60.0 million to $61.0 million for Q2 Fiscal 2022.
- Non-GAAP net loss per share is expected to be between $0.35 and $0.39 based on 31.8 million weighted-average shares outstanding for Q2 Fiscal 2022.
- Revenue is expected to be in the range of $246.0 million to $252.0 million for full year Fiscal 2022.
- Non-GAAP net loss per share is expected to be between $1.33 and $1.41 based on 31.9 million weighted-average shares outstanding for full year Fiscal 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income