Exceeded Guidance and Achieved Positive Operating Margin
Domo exceeded guidance on billings, revenue, and non-GAAP EPS, and achieved a positive operating margin for the first time in a Q1.
Significant Growth in Key Metrics
Subscription RPO growth accelerated to 24% year-over-year, subscription TCV up 69% year-over-year, and long-term subscription RPO up 61% year-over-year.
Sales Productivity and Retention Improvement
Salesforce productivity was up over 60% year-over-year, and gross retention improved to 86% from 85% last quarter.
Successful Transition to Consumption-Based Pricing
Consumption customers now represent over 70% of ARR, with expectations to reach 90% by the end of the year.
Notable Customer Wins and Expanding Ecosystem
Significant customer wins including a transportation technology company expanding by 10x original contract value and ecosystem partnerships with Snowflake, Databricks, and others showing strong pipeline growth.
Strong Positive Cash Flow and Financial Outlook
Adjusted free cash flow was $1.3 million, and the company expects positive free cash flow for the year with improving operating margins.
AI and Technology Innovations
Launch of Agent Catalyst for AI-driven solutions, with over 200 customers signing up on the first day, and success stories from various industries.