Reports Q3 revenue $79.4M, consensus $79.03M. “Our ecosystem strategy is working,” said Josh James, founder and CEO of Domo (DOMO). “We expect to be free cash flow positive for the year and each quarter within the year. Our guidance for Q4 reflects the fastest billings growth we’ve seen in over three years, and we expect to see a marked improvement in gross retention this next quarter and into next year. We believe that these are all strong indications of our ability to deliver profitable, sustainable growth.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOMO:
- Domo options imply 9.5% move in share price post-earnings
- DOMO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Positive Outlook for Domo: Buy Rating Backed by Strategic Initiatives and Growth Potential
- Domo price target lowered to $13 from $15 at DA Davidson
- DA Davidson technology analysts hold an analyst/industry conference call