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Jul 31, 2023
Domo Q2 2024 Earnings Report
Domo's revenue increased by 5% year-over-year, with subscription revenue representing 89% of the total.
Key Takeaways
Domo reported a 5% increase in total revenue for Q2 2024, reaching $79.7 million. Subscription revenue grew by 6% to $71.2 million. The company's GAAP net loss was $16.1 million, or $0.45 per share, while non-GAAP net loss was $0.8 million, or $0.02 per share.
Total revenue increased by 5% year-over-year to $79.7 million.
Subscription revenue increased by 6% year-over-year to $71.2 million, representing 89% of total revenue.
Remaining Performance Obligations (RPO) increased by 2% year-over-year to $357.6 million.
GAAP operating margin increased by 21 percentage points year over year.
Domo
Domo
Domo Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
Domo is providing revenue guidance for Q3 fiscal 2024 to be in the range of $78.5 million to $79.5 million. Full year fiscal 2024 revenue is expected to be in the range of $316.0 million to $320.0 million, representing year-over-year growth of 2-4%.
Positive Outlook
- Revenue is expected to be in the range of $78.5 million to $79.5 million for Q3 2024.
- Full year fiscal 2024 revenue is expected to be in the range of $316.0 million to $320.0 million.
- Full year revenue represents year-over-year growth of 2-4%.
Challenges Ahead
- Non-GAAP net loss per share is expected to be between $0.10 and $0.14 for Q3 2024.
- Non-GAAP net loss per share is expected to be between $0.39 and $0.47 for the full year fiscal 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income