DOMO Q3 Earnings Beat Estimates, Revenues Up On User Growth
Zacks Investment Research | Dec 06, 2018 10:44PM ET
Domo Inc. (NASDAQ:DOMO) reported third-quarter fiscal 2018 non-GAAP loss of $1.06 per share, much narrower than the year-ago quarter’s loss of $25.78.
Revenues of $36.8 million increased 30.2% on a year-over-year basis, primarily driven by new customer additions. International accounted for 22% of total revenues.
Quarter Details
Billings increased 29% to $38.8 million, primarily driven by solid dollar-based net revenue retention rates that were greater than 100%. During the quarter, Domo’s solutions were selected by 21 new customers. Number of customers at the end of the quarter was 430, up from 351 at the end of the year-ago quarter.
Subscription revenues (82.5% of total revenues) were $30.4 million, up 34.2% year over year. Professional services and other revenues (17.5% of total revenues) increased 14.2% year over year to $6.4 million.
the complete list of today’s Zacks #1 Rank stocks here .
Expected long-term earnings growth for Twitter, Intel and Arista is 22.1%, 8.4% and 21.3%, respectively.
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