Domo Q2 2023 Earnings Report
Key Takeaways
Domo reported a 20% year-over-year increase in total revenue, reaching $75.5 million, with subscription revenue growing by 23% to $67.4 million. The company's billings increased by 21% year-over-year, and Remaining Performance Obligations (RPO) rose by 22%. Domo is focused on optimizing for long-term, sustainable growth and delivering speed-to-value to customers.
Total revenue increased by 20% year-over-year, reaching $75.5 million.
Subscription revenue grew by 23% year-over-year, totaling $67.4 million and representing 89% of total revenue.
Billings increased by 21% year-over-year.
Remaining Performance Obligations (RPO) increased by 22% year-over-year.
Domo
Domo
Domo Revenue by Segment
Forward Guidance
Domo is providing revenue and non-GAAP net loss per share guidance for Q3 Fiscal 2023 and full year Fiscal 2023.
Positive Outlook
- Q3 Fiscal 2023 revenue is expected to be in the range of $76.0 million to $77.0 million.
- Q3 Fiscal 2023 non-GAAP net loss per share is expected to be between $0.23 and $0.27 based on 34.4 million weighted-average shares outstanding.
- Full Year Fiscal 2023 revenue is expected to be in the range of $305.0 million to $310.0 million.
- Full Year Fiscal 2023 non-GAAP net loss per share is expected to be between $0.88 and $0.96 based on 34.1 million weighted-average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income