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Jul 31, 2021
Domo Q2 2022 Earnings Report
Domo's Q2 2022 financial results were announced, showing revenue growth and continued demand for modern BI.
Key Takeaways
Domo reported a 23% year-over-year increase in total revenue, reaching $62.8 million for the second quarter of fiscal year 2022. Subscription revenue also grew by 23% year-over-year, representing 87% of total revenue. The company's billings increased by 26% year-over-year, and remaining performance obligations (RPO) grew by 24%.
Total revenue increased by 23% year-over-year to $62.8 million.
Subscription revenue increased by 23% year-over-year, accounting for 87% of total revenue.
Billings grew by 26% year-over-year.
Remaining performance obligations (RPO) increased by 24% year-over-year, reaching $286.8 million.
Domo
Domo
Domo Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
Domo is providing the following guidance for its third fiscal quarter and full year fiscal 2022 based on information available as of August 26, 2021.
Positive Outlook
- Revenue is expected to be in the range of $63.5 million to $64.5 million for Q3 2022.
- Revenue is expected to be in the range of $252.0 million to $256.0 million for full year 2022.
Challenges Ahead
- Non-GAAP net loss per share is expected to be between $0.33 and $0.37 for Q3 2022.
- Non-GAAP net loss per share is expected to be between $1.31 and $1.39 for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income